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Nikki Co. Faces Profit Decline Despite Sales Growth

Nikki Co. Faces Profit Decline Despite Sales Growth

Nikki Co., Ltd. (JP:6042) has released an update.

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Nikki Co., Ltd. reported a drop in both quarterly operating profit and profit attributable to owners of parent, with the former decreasing by 32.2% and the latter by 77.3% compared to the previous year. Despite a 5.3% increase in net sales, the company’s comprehensive income also decreased by 38.4%. The firm’s capital adequacy ratio saw a slight improvement from 53.6% to 54.2%, reflecting a stable financial position.

For further insights into JP:6042 stock, check out TipRanks’ Stock Analysis page.

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