Forval Corporation Sees Mixed Quarterly Results

Forval Corporation (JP:8275) has released an update.

Forval Corporation reported a 10.4% increase in net sales for the three months ended June 30, 2024, but saw a 23.1% decline in profit attributable to owners compared to the same period last year. Despite the decrease in profit, the company’s overall financial position remained solid with a slight increase in the equity ratio from 40.5% to 41.5%. Looking forward, Forval anticipates a 5.5% rise in full-year net sales and a moderate increase in profits, with earnings per share projected at 80.16 yen.

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