KONDOTEC INC. (JP:7438) has released an update.
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KONDOTEC INC., a Tokyo-listed company, has reported a slight increase in net sales by 2.0% to 19,134 million yens for June 2024 compared to the previous year, but experienced declines in key profitability metrics, with operating, ordinary, and net profits down by 7.0%, 6.0%, and 7.5% respectively. The company also announced a second-quarter dividend of 20.00 yen per share, with a forecasted increase to 23.00 yen. Despite fluctuations in earnings, the company maintains a stable capital adequacy ratio at 55.6%, reflecting a strong financial position.
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