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The latest announcement is out from Mitsubishi Pencil Company, Limited ( (JP:7976) ).
Mitsubishi Pencil Company reported an 18.7% increase in net sales for the year ending December 31, 2024, reaching ¥88,820 million. The company’s financial position shows strong equity with a ratio of 72.6%, although cash flows from investing activities were negative. The integration of C. Josef Lamy GmbH and its subsidiaries has expanded Mitsubishi Pencil’s scope, indicating strategic growth through acquisitions. However, the forecast for 2025 suggests a slight decline in profit attributable to owners of the parent, despite anticipated sales growth.
More about Mitsubishi Pencil Company, Limited
Mitsubishi Pencil Company, Limited operates in the stationery industry, primarily manufacturing writing instruments. It is listed on the Tokyo Stock Exchange under the stock code 7976, focusing on innovation and quality in its product offerings.
YTD Price Performance: -4.04%
Average Trading Volume: 59,647
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen116.6B
Learn more about 7976 stock on TipRanks’ Stock Analysis page.
