Abalance KK

3856

Equity

ISIN JP3969530009 / Valor 3339198

Tokyo Stock Exchange (2024-09-12)

JPY 1,154.00+12.4%

Abalance KK
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About company

Abalance Corporation, originally founded in April 2000 as an IT company, has transitioned into a comprehensive green energy enterprise, focusing on solar and wind power generation. The company has implemented a board of auditors system, comprising one full-time and two part-time outside auditors with extensive expertise in finance and accounting. These auditors, along with the Internal Audit Office established in 2017, ensure rigorous oversight and compliance with legal and internal standards. The Internal Audit Office, reporting directly to the Representative Director, conducts annual audits across departments to verify operational effectiveness and adherence to regulations, thereby enhancing the company's governance and accountability.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

For the three months ended September 30, 2023, Abalance KK reported a notable increase in net sales, totaling 57,740 million yen, which represents a 3.6% growth compared to the same period in the previous year. This growth is attributed to robust sales in the solar panel manufacturing sector, particularly in the United States market.

Surge in Operating Profit

Abalance KK experienced a significant rise in operating profit during the third quarter of 2023, reaching 4,673 million yen, an impressive 186.9% increase from the previous year. This surge in profitability underscores the company's effective cost management and operational efficiency.

Strong Ordinary Profit

The company's ordinary profit for the quarter also saw a substantial rise, amounting to 4,507 million yen, which is up by 212.1% year-on-year. This increase is largely due to favorable foreign exchange gains and strong performance in core business segments.

Profit Attributable to Owners

Profit attributable to the owners of Abalance KK for the quarter ended September 30, 2023, stood at 1,737 million yen, marking a 226.9% increase compared to the same period last year. This reflects the company's strong earnings capacity and strategic business expansions.

Dividend Outlook

Abalance KK has maintained its dividend forecast for the fiscal year ending June 30, 2024, with an annual dividend per share expected to remain steady. The company's commitment to delivering shareholder value remains strong despite the dynamic market conditions.

Summarized from source with an LLMView Source

Key figures

-65.1%1Y

-43.8%3Y

614%5Y

Performance

88.0%1Y

91.8%3Y

89.7%5Y

Volatility