FaithNetwork Projects Growth Despite Quarterly Loss

FaithNetwork Co.,Ltd (JP:3489) has released an update.

FaithNetwork Co., Ltd. has reported a loss for the first quarter ended June 30, 2024, with net sales of 1,953 million yen and a net loss of 374 million yen. The company’s total assets increased to 29,212 million yen, while net assets decreased slightly. Despite the quarterly loss, FaithNetwork is forecasting significant year-over-year growth for the fiscal year ending March 31, 2025, with expected net sales of 33,000 million yen and a profit of 2,700 million yen.

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