Yorozu Corporation Reports First Half Financial Results with Declining Profits

An announcement from Yorozu Corporation ( (JP:7294) ) is now available.

Yorozu Corporation reported its consolidated financial results for the first half of fiscal year 2024, showing a significant drop in profits, with a net loss of 2.588 billion yen. Despite a 7.9% increase in net sales, operating and ordinary income both declined, reflecting challenges in the company’s operational efficiency and market conditions. The company’s financial position remains stable with slight growth in total assets, but it has adjusted its full-year forecast downward, indicating potential ongoing challenges.

More about Yorozu Corporation

Yorozu Corporation operates in the automotive industry, focusing on the production of suspension systems and other automotive components. It is listed on the Tokyo Stock Exchange and seeks to maintain a strong market presence in Japan and globally.

YTD Price Performance: -7.75%

Average Trading Volume: 32,176

Technical Sentiment Consensus Rating: Sell

Current Market Cap: Yen26.88B

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