Remixpoint, Inc. Faces Sharp Profit Decline

Remixpoint, Inc. (JP:3825) has released an update.

Remixpoint, Inc. reports marginal growth in net sales but sees a steep decline in profits for the first quarter ended June 30, 2024, with operating profit, ordinary profit, and profit attributable to owners plummeting by 77.7%, 80.7%, and 92.4% respectively. Despite a slight increase in total assets, the company’s equity ratio has decreased compared to the previous quarter. The financial outlook for the full fiscal year indicates an anticipated increase in net sales, but a significant drop in profits and earnings per share.

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