Nichiden Corporation Reports Mixed Financial Results for 2024

Tip Ranks
2025.02.04 05:55
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Nichiden Corporation reported a 5.7% increase in net sales for the nine months ending December 31, 2024, but profit attributable to owners decreased by 4.1%. The company maintains a total annual dividend of 65 yen per share despite fluctuations. This mixed financial performance indicates growth in sales but challenges in profitability. The company is listed on the Tokyo Stock Exchange with a current market cap of Yen92.73B and a consensus rating of Sell.

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Nichiden Corporation ( (JP:9902) ) has provided an announcement.

Nichiden Corporation reported a 5.7% increase in net sales for the nine months ending December 31, 2024, compared to the previous year. Despite this growth, the profit attributable to owners of the parent decreased by 4.1%. The company also announced a dividend forecast, maintaining a total annual dividend of 65 yen per share, despite interim fluctuations. This financial performance reflects a mixed outcome with growth in sales but a decline in profit, indicating potential challenges in cost management or market conditions affecting profitability.

More about Nichiden Corporation

Nichiden Corporation is a company listed on the Tokyo Stock Exchange, operating in the industrial sector. It focuses on providing a range of products and services relevant to its market, though specific details about its industry and offerings are not provided in the excerpt.

YTD Price Performance: -1.13%

Average Trading Volume: 17,537

Technical Sentiment Consensus Rating: Sell

Current Market Cap: Yen92.73B

Find detailed analytics on 9902 stock on TipRanks’ Stock Analysis page.

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