Takakita Co., Ltd. Faces Sharp Quarterly Decline

Takakita Co., Ltd. (JP:6325) has released an update.

Takakita Co., Ltd. reports a significant drop in financial performance for the three months ended June 30, 2024, with net sales, operating profit, ordinary profit, and profit decreasing by 19.4%, 59.6%, 55.8%, and 70.0%, respectively, compared to the same period in the previous year. The company’s earnings per share also fell sharply from 13.24 yen to 3.94 yen. Despite this downturn, Takakita maintains a stable equity ratio of 78.7% and forecasts a modest increase in net sales and a decline in profits for the full year ending March 31, 2025.

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