Alinco Reports Q1 Growth Amid Profit Challenges

Alinco Incorporated (JP:5933) has released an update.

Alinco Incorporated reported a slight increase in net sales for Q1 FY3/25 compared to the previous year, but faced a decline in profits due to challenges such as labor shortages, strict labor regulations, and high material costs. The company saw a shift in customer preference from purchasing to renting equipment, spurring growth in its rental business with the introduction of new products like the ALBATROSS system. Despite the depreciation of the yen and high raw material prices impacting profits, the company was able to narrow its decline in profit attributable to owners due to extraordinary profit among other factors.

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