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Leopalace21 Reports Modest Sales Growth but Anticipates Profit Decline

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Leopalace21 Reports Modest Sales Growth but Anticipates Profit Decline

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An update from Leopalace21 ( (JP:8848) ) is now available.

Leopalace21 Corporation reported its financial results for the nine months ending December 31, 2024, indicating a modest increase in net sales by 2.3% compared to the same period last year, alongside a significant rise in operating and recurring profits by 27.2% and 50.2%, respectively. Despite these positive financial results, the forecasted net income for the fiscal year ending March 31, 2025, shows a notable decrease of 58.9%, highlighting potential challenges for the company’s future profitability.

More about Leopalace21

Leopalace21 Corporation operates in the real estate industry, primarily focused on providing rental housing services. The company is listed on the Tokyo Stock Exchange and is based in Tokyo, Japan.

YTD Price Performance: -3.41%

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: €1.11B

Learn more about 8848 stock on TipRanks’ Stock Analysis page.

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