Tama Home Co., Ltd. (JP:1419) has released an update.
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Tama Home Co., Ltd. reports a significant year-on-year decline in their consolidated financial results for the three months ended August 31, 2024, with net sales dropping by 31.0% and profits attributable to owners down completely. Despite a challenging quarter, the company is anticipating a recovery, forecasting a 5.1% increase in profits for the full fiscal year ending May 31, 2025. The company’s financial position also saw a decline in equity ratio from 42.7% to 34.0% over the last quarter.
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