Meiwa Corporation (JP:8103) has released an update.
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Meiwa Corporation reports a robust start to the fiscal year with a significant increase in net income for the three months ending June 30, 2024, reflecting a 180.5% jump compared to the previous year. Despite a slight dip in total assets and net assets compared to March 31, 2024, the company maintains a solid equity ratio of 46.5%. The forecast for the fiscal year ending March 31, 2025, predicts continued growth in net sales, although operating income, ordinary income, and net income attributable to owners are expected to see modest declines.
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