Izumi Co., Ltd. Reports Mixed Financial Results

Izumi Co., Ltd. (JP:8273) has released an update.

Izumi Co., Ltd. reported a slight 2.4% increase in operating revenue for the fiscal year ended February 29, 2024, compared to the previous year, but saw declines in operating profit, ordinary profit, and profit attributable to owners, which fell by 6.6%, 6.0%, and 11.7% respectively. The company’s total assets and net assets both saw an increase, with the equity ratio improving from 55.4% to 57.3%. Despite the mixed financial results, Izumi maintained a steady dividend payout, with a slight increase in annual dividends per share from 87 yen to 89 yen.

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