INFRONEER Holdings Faces Profit Decline

INFRONEER Holdings Inc. (JP:5076) has released an update.

INFRONEER Holdings Inc. reports a year-on-year decrease in net sales, business profit, and comprehensive income for the quarter ending June 30, 2024, with significant declines in business and operating profits exceeding 49%. The company’s financial position remains robust with a total asset value of over 1.3 trillion yen and an equity ratio of 29.3%. Despite the downturn, INFRONEER maintains a consistent dividend forecast for the fiscal year ending March 31, 2025.

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