Sumida Corporation Faces Profit Decline in H1 2024

Sumida Corporation (JP:6817) has released an update.

Sumida Corporation’s financial report for the first half of fiscal year 2024 reveals a slight decrease in revenue by 0.2% and significant declines in profits compared to the same period last year, with operating profit, pre-tax profit, and profit attributable to owners down by over 50%. Despite these downturns, the company forecasts a marginal revenue increase of 0.7% for the full year but anticipates continued drops in profits. The report also notes an improved equity position and a modest increase in dividends for the second quarter of 2024.

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