Cawachi Limited (JP:2664) has released an update.
Cawachi Limited reported a slight increase in net sales by 1.1% for the three months ending June 15, 2024, compared to the previous year, but saw declines in operating profit, ordinary profit, and profit attributable to owners by 8.5%, 10.6%, and 10.1% respectively. The company’s total assets increased marginally, while net assets decreased slightly, leading to a decrease in the equity ratio from 56.7% to 55.6%. Despite these results, Cawachi Limited forecasted year-on-year improvements for the semiannual and full-year periods ending March 15, 2025, with expected growth in net sales and earnings per share.
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