Hakuhodo Dy Holdings (JP:2433) has released an update.
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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.
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