Fast Fitness Japan, Inc. (JP:7092) has released an update.
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Fast Fitness Japan, Inc. reports a modest increase in net sales by 6.6% for the first three months ending June 30, 2024, but sees a significant drop in profits with profit attributable to owners of parent plummeting by 48.2%. The company’s equity ratio slightly improved from 59.2% to 59.6% compared to the previous term, and there are no changes in the dividend forecasts. Despite the current downturn, Fast Fitness Japan is optimistic about the full year, projecting a net sales increase of up to 23.2% and a recovery in earnings per share to between 83.81 and 109.52 yen.
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