S Trust Co., Ltd. (JP:3280) has released an update.
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S Trust Co., Ltd. reported a substantial increase in its financial performance for the three months ending May 31, 2024, with net sales up 67.5% and net income for owners of the parent at 196 million yen, marking a significant turnaround from the previous year’s losses. Despite a slight decrease in total assets, the company’s net assets and equity ratio improved from February to May 2024. The company forecasts continued growth for the full fiscal year ending February 28, 2025, with an 8.6% increase in net sales and a 37.2% increase in net income to owners of the parent.
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