DAIWA Reports Mixed Mid-Year Financial Results

DAIWA (JP:6459) has released an update.

DAIWA INDUSTRIES LTD. reported a slight increase in net sales by 0.6% but a decline in operating profit, ordinary profit, and profit by 3.8%, 3.7%, and 3.5% respectively, for the first half of 2024 compared to the same period in 2023. The company’s total assets and net assets also saw a modest increase, with a forecast of continued growth in financial results for the full year. Despite the mixed financial performance, DAIWA maintains a consistent dividend payout with 15.00 yen per share for the second quarter of both 2023 and 2024.

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