HIROSE ELECTRIC Reports Strong Q1, Optimistic FY2024 Outlook

HIROSE ELECTRIC CO (JP:6806) has released an update.

HIROSE ELECTRIC CO., LTD. has reported a solid start to FY2024 with a 10.9% increase in revenue and a significant 39.6% jump in quarterly profit attributable to owners compared to the previous year’s first quarter. The company’s financial position remains strong with total assets at 415,704 million yen and an equity ratio of 89.5%. Looking ahead, the company forecasts a total annual dividend of 490 yen per share and anticipates a year-end profit attributable to owners of 28,000 million yen, marking a 5.7% year-on-year increase.

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