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Shimizu Corporation’s Financial Turnaround Despite Sales Decline
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Shimizu Corporation’s Financial Turnaround Despite Sales Decline

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Invest with Confidence:

The latest update is out from Shimizu ( (JP:1803) ).

Shimizu Corporation reported its consolidated financial results for the nine months ending December 31, 2024, with net sales of 1,327,922 million yen, marking an 8.3% decrease from the previous year. Despite the decline in sales, the company improved its net income to 40,569 million yen from a loss of 20,855 million yen in the previous period, indicating a positive turnaround in profitability. This financial performance suggests a strengthening position for Shimizu in its market, potentially benefiting stakeholders as the company stabilizes its operations.

More about Shimizu

Shimizu Corporation is involved in the construction industry, offering a range of engineering and construction services. The company is listed on the Tokyo Stock Exchange Prime Market and the Nagoya Stock Exchange Premier Market.

YTD Price Performance: 11.27%

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $5.79B

Find detailed analytics on 1803 stock on TipRanks’ Stock Analysis page.

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