Hirakawa Hewtech Corp. Posts Strong Q1 Gains

Hirakawa Hewtech Corp. (JP:5821) has released an update.

Hirakawa Hewtech Corp. reported a solid start to the fiscal year with a 13.7% increase in net sales and a 31.7% increase in operating profit for the first quarter of 2024, compared to the same period last year. The company’s financial position strengthened, with total assets and net assets both showing growth, and an equity ratio of 82.3%. Looking ahead, Hirakawa forecasts a continual rise in profits and has projected an increase in dividends for the fiscal year ending March 31, 2025.

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