tiprankstipranks
Shin Nippon Biomedical Laboratories Reports Revenue Growth Amid Profit Challenges
Company Announcements

Shin Nippon Biomedical Laboratories Reports Revenue Growth Amid Profit Challenges

Story Highlights

Maximize Your Portfolio with Data Driven Insights:

  • Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
  • Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio

Shin Nippon Biomedical Laboratories, Ltd. ( (JP:2395) ) just unveiled an announcement.

The financial report for Shin Nippon Biomedical Laboratories, Ltd. for the nine months ending December 31, 2024, shows a revenue increase of 23.6% year-on-year, with total assets reaching ¥97,296 million. Despite the revenue growth, there was a decline in operating profit by 25.3% and ordinary profit by 15.3%. The company’s financial forecast for the fiscal year ending March 31, 2025, anticipates continued revenue growth but also projects a decrease in operating profit. This financial performance indicates a challenging period for the company, with implications for its operational strategies and stakeholder interests.

More about Shin Nippon Biomedical Laboratories, Ltd.

Shin Nippon Biomedical Laboratories, Ltd. operates in the biomedical research industry, primarily focusing on providing preclinical and clinical research services. The company is listed on the Prime Market of the Tokyo Stock Exchange.

YTD Price Performance: -0.42%

Average Trading Volume: 317,328

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: Yen69.15B

See more insights into 2395 stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App