Showa Sangyo Co., Ltd. (JP:2004) has released an update.
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Showa Sangyo Co., Ltd. reported a decrease in net sales by 4.3% but a significant increase in profits with operating profit up 24.3% and profit attributable to owners surging by 91.2% in the first quarter of 2024. The company’s equity-to-asset ratio slightly increased to 50.0%, while the forecast for the full fiscal year indicates a slight decrease in net sales and profits. Showa Sangyo has maintained its total annual dividend forecast at 80.00 yen per share for the fiscal year ending March 31, 2025.
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