IK HOLDINGS Reports Financial Turnaround

IK HOLDINGS Co.,Ltd. (JP:2722) has released an update.

IK HOLDINGS Co.,Ltd. has reported an improvement in their financial performance with net sales of 14,049 million yen, a slight decrease from the previous year, yet operating profit rebounded from a loss to 341 million yen. The company has also shown an increase in net assets per share to 278.69 yen, up from 249.52 yen, reflecting a stronger balance sheet with a capital adequacy ratio of 35.8%. Additionally, cash flows from operating activities have significantly increased to 940 million yen, compared to just 66 million yen in the previous year.

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