CyberBuzz, Inc. (JP:7069) has released an update.
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CyberBuzz, Inc. reports a significant increase in net sales by 38.3% for June 2024 compared to the previous year but faces a substantial downturn with operating profit dropping to a loss of 1,741 million yen. The company’s net assets have significantly decreased from 2,258 million yen in September 2023 to 317 million yen in June 2024, reflecting a sharp decline in the capital adequacy ratio from 42.0% to 6.2%.
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