Gunze Reports Profit Growth and Positive Outlook

Gunze (JP:3002) has released an update.

Gunze Limited reported a rise in net sales and profits for the first half of 2024, with a 3.3% increase in net sales and an 11.3% rise in profit attributable to owners of the parent compared to the previous year. The company also anticipates a significant growth in profits for the fiscal year ending March 2025, forecasting a 46.8% increase in profit attributable to owners. Despite a slight decline in their capital adequacy ratio, Gunze remains optimistic about future financial performance.

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