Mitani Sangyo Co., Ltd. (JP:8285) has released an update.
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Mitani Sangyo Co., Ltd. reported a modest 6.1% increase in net sales for the first quarter ending June 30, 2024, but experienced a sharp 69% drop in operating profit and a slight 2.8% decrease in profits attributable to owners. Despite the mixed performance, the company forecasted a 5.4% increase in net sales and a 15.4% decrease in profit for owners for the full year. The firm’s total assets decreased compared to the previous quarter, but net assets slightly declined, maintaining a stable equity ratio.
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