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Hirata Corporation Reports Declined Profits Despite Sales Growth

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Hirata Corporation Reports Declined Profits Despite Sales Growth

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An update from Hirata ( (JP:6258) ) is now available.

Hirata Corporation reported its consolidated financial results for the nine months ending December 31, 2024, showing a slight increase in net sales by 2.2% compared to the previous year. However, the company experienced a decline in several key profitability metrics, with operating profit down by 20.5% and profit attributable to owners of the parent decreasing by 36.7%. This downturn in profitability metrics despite an increase in sales indicates potential operational challenges. The company has revised its earnings forecasts, reflecting a cautious outlook for the fiscal year ending March 31, 2025.

More about Hirata

Hirata Corporation is a company listed on the Tokyo Stock Exchange, operating primarily in the manufacturing industry. It focuses on producing automation systems and equipment, catering to various sectors including automotive and electronics, and has a strong market presence in Japan.

YTD Price Performance: 3.07%

Average Trading Volume: 20

Technical Sentiment Consensus Rating: Hold

Current Market Cap: €355.8M

See more insights into 6258 stock on TipRanks’ Stock Analysis page.

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