TAC Co., Ltd. Sees Profitability Surge in Q1 FY2024

TAC Co., Ltd. (JP:4319) has released an update.

TAC Co., Ltd. reported a decline in net sales by 3.5% but saw significant increases in profitability, with operating profit, ordinary profit, and profit attributable to owners of the parent soaring by 158%, 180.6%, and 136.2% respectively, in the first quarter of FY2024 compared to the same period the previous year. The company’s equity ratio improved slightly from 28.2% to 30.3%, and a forecasted annual dividend increase to 4 yen per share has been announced for FY2024.

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