Tachi-S Co ( (JP:7239) ) has provided an update.
TACHI-S CO., LTD. reported its financial results for the third quarter of FY2024, showing a modest increase in net sales by 0.8% compared to the previous year, while achieving significant growth in net income attributable to owners of the parent by 78.9%. The company has set a management goal for FY2024 to achieve an 8% return on equity, and it forecasts a full-year dividend of 103.8 yen per share, indicating confidence in meeting its financial targets. The announcement reflects TACHI-S’s strategic positioning in the market, demonstrating resilience and a focus on delivering shareholder value amidst changes, including the exclusion of Techno Trim, Inc. from its consolidation scope.
More about Tachi-S Co
TACHI-S CO., LTD. is a company listed on the Tokyo Stock Exchange, primarily involved in the automotive industry. It produces and supplies seating systems and other related products, focusing on enhancing vehicle comfort and safety.
YTD Price Performance: 7.66%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $413.1M
Learn more about 7239 stock on TipRanks’ Stock Analysis page.