Shinnihon Corporation (JP:1879) has released an update.
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Shinnihon Corporation reported a modest increase in net sales by 4.5% to ¥21,347 million for the quarter ending June 30, 2024, but experienced declines in operating income, ordinary income, and net income attributable to owners, which fell by 13.2%, 15.4%, and 15.1% respectively, compared to the same period last year. The company’s total assets decreased from March 31, 2024, with an equity-to-asset ratio improving to 71.1%. Looking ahead, Shinnihon forecasts slight increases in net sales and income figures for the fiscal year ending March 2025.
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