NEXTAGE Reports Growth in Sales Amid Profit Decline

Nextage Co., Ltd. (JP:3186) has released an update.

NEXTAGE Co., Ltd. reported a 14.9% increase in net sales but a notable decline in profitability, with operating, ordinary, and net profits down by 29.5%, 31.6%, and 32.3%, respectively, for the nine-month period ending August 2024 compared to the same period in 2023. The company’s total assets increased, while the equity ratio fell slightly. Despite the downturn in profits, NEXTAGE forecasts a 16.5% rise in net sales and a modest dividend for the fiscal year ending November 2024.

For further insights into JP:3186 stock, check out TipRanks’ Stock Analysis page.