Meiwa Estate Reports Strong Quarterly Growth

Meiwa Estate Co. Ltd. (JP:8869) has released an update.

Meiwa Estate Co., Ltd. reports a significant increase in consolidated financial performance for the three months ending June 30, 2024, with net sales up by 51.2% and profit attributable to owners surging by 168.6% compared to the same period last year. Despite these strong quarterly results, the company forecasts a slight downturn for the full fiscal year, expecting decreases in operating profit, ordinary profit, and profit attributable to owners. The company maintains a solid equity ratio of 26.5% as of June 30, 2024, which reflects a stable financial position.

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