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Toyo Tanso Co., Ltd. ( (JP:5310) ) just unveiled an announcement.
Toyo Tanso Co., Ltd. reported a significant increase in its operating, ordinary, and attributable profits for the fiscal year ending December 31, 2024, despite net sales being slightly below forecasts. The increase in profits was attributed to a weaker yen, increased sales of high-value-added products, and gains from foreign exchange and subsidies. Consequently, the company decided to increase its year-end dividend to 145 yen per share from the previously forecasted 120 yen, aligning with its policy to return profits to shareholders while considering future expansion and investment needs.
More about Toyo Tanso Co., Ltd.
Toyo Tanso Co., Ltd. operates in the carbon and graphite products industry, offering high-quality, high-value-added products that cater to a diverse range of markets. The company’s operations are focused on expanding sales through innovative product development and strategic investments to enhance competitiveness and corporate value.
YTD Price Performance: -3.12%
Average Trading Volume: 83
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €536.9M
Learn more about 5310 stock on TipRanks’ Stock Analysis page.
