Hakuhodo Dy Holdings (JP:2433) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Hakuhodo DY Holdings Inc. reported a slight decrease in both billings and revenue by 0.5% YoY in Q1 FY2024 amidst a gradually recovering Japanese economy, with net income attributable to owners of the parent turning positive at ¥317 million compared to the previous year’s net loss. Operating and ordinary income saw an increase of approximately 11.6% due to effective cost controls. The company’s adjusted gross profit also rose by 2.8 percentage points, indicating a strong performance in Asia and a positive impact from foreign exchange rates.
For further insights into JP:2433 stock, check out TipRanks’ Stock Analysis page.