NIPPON RIETEC CO., LTD. (JP:1938) has released an update.
NIPPON RIETEC CO., LTD. reports a 24.9% increase in net sales for the first quarter ended June 30, 2024, compared to the previous year, despite operating losses. The company’s total assets decreased slightly from March to June 2024, maintaining a strong capital adequacy ratio of 71.5%. They also forecast a modest year-on-year growth in net sales and profits for the fiscal year ending March 31, 2025.
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