Econach Holdings Posts Profit with Optimistic Outlook

Econach Holdings Co., Ltd. (JP:3521) has released an update.

Econach Holdings Co., Ltd. reports a slight increase in net sales to 459 million yen for the three months ending June 30, 2024, compared to the previous year, along with an operating profit of 42 million yen after a previous loss. The company’s equity ratio improved to 80.8%, and they project a year-end net sales growth of 0.4%, with significant increases in operating profit, ordinary profit, and profit attributable to owners of parent for the fiscal year ending March 31, 2025. No dividends were paid or forecasted, and no significant changes in consolidation scope, accounting methods, or share count occurred in the quarter.

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