Precision Tsugami Releases Shareholder Financials

Precision Tsugami (China) Corp. Ltd. (HK:1651) has released an update.

Precision Tsugami (China) Corporation Limited has issued an update regarding the financial results of its controlling shareholder, Tsugami Japan, for the fiscal year ending 31 March 2024, noting differences in financial reporting due to adoption of IFRS accounting standards. Shareholders are advised that the financial statements of Tsugami Japan will include additional information and are not directly comparable with the company’s results due to different consolidation entities. Key financial highlights from Tsugami Japan include revenues of ¥63,208 million and a profit of ¥10,801 million, with the report also detailing the operations and financials of several affiliates.

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