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Sumida Corporation Exceeds Earnings Forecast for FY 2024

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Sumida Corporation Exceeds Earnings Forecast for FY 2024

Sumida Corporation ( (JP:6817) ) has issued an update.

Sumida Corporation reported a slight increase in its consolidated earnings for the fiscal year ending December 2024 compared to its previous forecast. This improvement was driven by higher revenues in the industrial market segment and significant cost reductions, resulting in better operating profits and profits attributable to owners.

More about Sumida Corporation

Sumida Corporation operates in the electronics industry, focusing on manufacturing components such as coils and inductors, which are essential in various electronic devices and industrial applications.

YTD Price Performance: 3.61%

Average Trading Volume: 279,633

Technical Sentiment Consensus Rating: Buy

Current Market Cap: Yen30.19B

See more data about 6817 stock on TipRanks’ Stock Analysis page.

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