ID Holdings Reports Mixed Q1 Results, Optimistic Outlook

ID Holdings Corporation (JP:4709) has released an update.

ID Holdings Corporation reported an 8.5% increase in net sales for Q1 of FY2024 but experienced declines in operating income, ordinary income, and net income attributable to owners by 11.5%, 9.6%, and 12.1% respectively, compared to the previous year. The company’s total assets decreased slightly, while net assets and equity ratio saw an improvement. Looking forward, ID Holdings predicts a full fiscal year net sales growth of 7.1% and a slight decrease in net income per share by 1.5%.

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