GUNZE LIMITED Exhibits Strong Q1 Results and Positive Outlook

Gunze (JP:3002) has released an update.

GUNZE LIMITED reported a solid performance in the first quarter of FY2024, with a 5.3% increase in net sales and a significant 37.5% rise in operating profit. The company’s financial position remains strong with total assets reaching ¥165,028 million and an equity ratio of 71.9%. Looking ahead, GUNZE anticipates a positive fiscal year with a projected 5.4% growth in net sales and a 46.8% increase in profit attributable to owners.

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