NTN (JP:6472) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
NTN Corporation maintains its FY2024 full-year forecast with no changes, projecting net sales of ¥860.0 billion and an operating income of ¥32.0 billion. For the first quarter of FY2024, the company reports a net sales increase to ¥210.8 billion, up ¥10.0 billion year-over-year, and operating income growth to ¥4.5 billion, up ¥3.0 billion from the previous year. Despite a decrease in demand across Japan, Europe, and Asia, NTN’s sales and operating income have benefited from improved selling prices and cost reductions.
For further insights into JP:6472 stock, check out TipRanks’ Stock Analysis page.