Shinko Shoji Co (JP:8141) has released an update.
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Shinko Shoji Co., Ltd. reported a significant decline in financial performance for the first quarter ending June 30, 2024, with net sales, operating profit, and profit attributable to owners of the parent all falling sharply compared to the previous year. Despite a decrease in total assets from the previous quarter, the company maintained a stable equity ratio of over 59%. The forecast for the full fiscal year indicates a continued downturn in net sales and profits.
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