Mitsubishi Logisnext Q1 Profits Fall, Assets Grow

Mitsubishi Logisnext Co., Ltd. (JP:7105) has released an update.

Mitsubishi Logisnext Co., Ltd. reports a slight decline in net sales and a significant drop in operating and ordinary profits for the first quarter of 2024, with net sales just 0.1% down but operating and ordinary profits falling by 32.1% and 39.7% respectively, despite a 17.8% increase in profit attributable to owners. The company’s financial position shows an increase in total assets and net assets, leading to a higher equity-to-asset ratio compared to the previous quarter. Additionally, a forecast for the fiscal year ending March 2025 predicts decreased net sales and operating profits but an increase in profit attributable to owners.

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