Nippon Kinzoku Reports Sales Growth Amid Losses

Nippon Kinzoku Co., Ltd. (JP:5491) has released an update.

Nippon Kinzoku Co., Ltd. reported a 7.4% increase in net sales for the three months ended June 30, 2024, compared to the same period in the previous year, despite operating at a loss. The company’s total assets decreased, while its net assets slightly increased, leading to a higher equity ratio of 37.4%. No dividends were paid or forecasted for the fiscal year ending March 31, 2025, with the company expecting a continued operating loss in the six months following September 2024.

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