I-NET Corp. Struggles with Q1 Revenue Dip

I-Net Corporation (JP:9600) has released an update.

I-NET Corp. reports a decrease in revenue in the first quarter of FY2025 compared to the previous year, with net sales and operating profit falling short of forecasts. The company’s information processing services are stable, yet challenges in data center cloud services, mailing services, and system development have arisen, with some recoveries expected in the second half of the fiscal year. Key areas such as the SaaS-based loan system hold high expectations for future orders, despite current delays.

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