Ivy Cosmetics Reports Decline in Sales and Profits

Ivy Cosmetics Corporation (JP:4918) has released an update.

Ivy Cosmetics Corporation has reported a decrease in net sales by 19.1%, with net sales dropping from 334 million yens to 270 million yens year-over-year. The company also experienced a significant loss, with profits down to negative 587 million yens compared to negative 254 million yens in the previous year. Despite these losses, the capital adequacy ratio shows a slight increase from 62.6% to 65.2%, indicating a stable financial base.

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