Punch Industry Reports Strong Quarterly Profits

Punch Industry Co., Ltd. (JP:6165) has released an update.

Punch Industry Co., Ltd. reports a consolidated operating profit increase of 208.5% for the three months ended June 30, 2024, compared to the same period last year, with a notable rise in net sales and a significant jump in earnings per share from 4.88 to 5.87 yen. The company’s financial position remains robust with a total asset increase and an improved equity ratio from 63.1% to 65.0%. No dividends were paid for the first quarter, but a forecasted annual total of 19.61 yen per share has been announced for the fiscal year ending March 31, 2025.

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