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The latest announcement is out from Noritz ( (JP:5943) ).
Noritz Corporation’s fiscal 2024 results reflect a challenging economic landscape, with slight increases in net sales but a significant drop in operating income. Under its new ‘V-plan 26,’ Noritz is prioritizing business portfolio transformation, strategic investments, and sustainability management to adapt to market changes. The company recorded substantial growth in net income due to investment securities sales and plans to rebuild its existing businesses with a focus on residential water heaters and thermal solutions in Japan, and expanding sales in North America and China.
More about Noritz
Noritz Corporation operates in the heating and water heater industry, primarily focusing on providing environmentally friendly products and solutions that address social issues. The company aims to achieve sustainable growth and corporate value enhancement through its domestic and overseas business strategies, including expanding in North America and developing new markets in Southeast Asia.
YTD Price Performance: 5.53%
Average Trading Volume: 100
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $480.9M
Learn more about 5943 stock on TipRanks’ Stock Analysis page.
