Kufu Company Faces Sharp Profit Decline

Kufu Company Inc. (JP:4376) has released an update.

Kufu Company Inc. reports a significant decline in financial performance for the nine months ending June 30, 2024, with net sales, operating profit, and profit attributable to owners of parent plummeting by 27.1%, 78.7%, and 99.2% respectively, compared to the previous year. The company’s forecast anticipates a continued downturn in annual net sales and operating profit. Despite these challenges, the equity ratio has improved from 48.0% to 57.5%, suggesting a stronger balance sheet position.

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