First Brothers Co. Faces Steep Profit Decline

First Brothers Co., Ltd. (JP:3454) has released an update.

First Brothers Co., Ltd. reported a significant decrease in consolidated financial results for the six months ended May 31, 2024, with net sales, operating profit, ordinary profit, and profit attributable to owners of parent all showing sharp year-on-year declines. The company announced a dividend payment commencement date on August 5, 2024, and provided a forecast that suggests a continued downward trend in financial performance for the full year. Despite the downturn, the company plans to increase dividends per share from the previous year.

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