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Joshin Denki Forecasts Recovery After Q1 Dip
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Joshin Denki Forecasts Recovery After Q1 Dip

Joshin Denki Co., Ltd. (JP:8173) has released an update.

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Joshin Denki Co., Ltd. reports a slight decline in their financial performance for the first quarter of FY2024, with net sales and net income witnessing a year-on-year decrease of 0.2% and 24.5%, respectively. The company’s equity ratio also saw a minor drop from 44.9% to 43.4%. Despite the dip in quarterly results, the company forecasts a positive outlook with an increase in net sales and net income for the full fiscal year.

For further insights into JP:8173 stock, check out TipRanks’ Stock Analysis page.

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