Stock Analysis

Sanoh Industrial Full Year 2024 Earnings: Beats Expectations

TSE:6584
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Sanoh Industrial (TSE:6584) Full Year 2024 Results

Key Financial Results

  • Revenue: JP¥156.8b (up 14% from FY 2023).
  • Net income: JP¥4.22b (up from JP¥907.0m loss in FY 2023).
  • Profit margin: 2.7% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
  • EPS: JP¥117 (up from JP¥25.13 loss in FY 2023).
earnings-and-revenue-growth
TSE:6584 Earnings and Revenue Growth June 28th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sanoh Industrial Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Auto Components industry in Japan.

Performance of the Japanese Auto Components industry.

The company's shares are up 4.8% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Sanoh Industrial that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.