Meiko Network Japan Reports Extraordinary Loss

Meiko Network Japan Co., Ltd. (JP:4668) has released an update.

Meiko Network Japan Co., Ltd. reported an extraordinary loss for the fiscal year ended August 31, 2024, with actual net income falling significantly below forecasts due to impairment losses, including a major shortfall at subsidiary Simple Inc. Despite Simple Inc.’s efforts to grow within the HR business for childcare professionals, it fell short of its business plan, leading to a valuation loss. The company will still pay an annual dividend of 34 yen per share.

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