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ESCRIT Inc. ( (JP:2196) ) has provided an update.
ESCRIT Inc. reported a slight decline in net sales for the nine months ending December 31, 2024, with a 1.9% decrease compared to the previous year. Despite this, operating profit saw a marginal increase of 0.4%, while profit attributable to owners of the parent dropped significantly by 27.3%. The company also announced the exclusion of ESCRIT Taiwan Inc. from its consolidated financial results, reflecting a strategic shift in its operations. Additionally, the forecast for the fiscal year ending March 31, 2025, anticipates a modest growth in net sales and operating profit, although profit attributable to owners is expected to decline by 9.6%.
More about ESCRIT Inc.
ESCRIT Inc. is a company listed on the Tokyo Stock Exchange, operating in the events and hospitality industry. The company focuses on providing wedding and event planning services, with a market presence primarily in Japan.
YTD Price Performance: 9.34%
Average Trading Volume: 49,627
Technical Sentiment Consensus Rating: Buy
Current Market Cap: Yen2.69B
See more insights into 2196 stock on TipRanks’ Stock Analysis page.