Tamura Corporation Posts Strong Profit Growth

Tamura Corporation (JP:6768) has released an update.

Tamura Corporation reported a slight decrease in net sales but substantial growth in operating and ordinary profits for the quarter ending June 30, 2024, with a significant year-on-year increase in earnings per share from 0.32 yen to 9.76 yen. The company’s financial position strengthened with total assets and equity ratio rising from the previous quarter, and they forecast continued growth in profits for the fiscal year ending March 31, 2025. No changes in consolidation scope were noted, but a new accounting policy regarding deferred hedge accounting for forward foreign exchange contracts was implemented.

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