teno.Holdings Faces Profitability Challenges

teno.Holdings Co., Ltd. (JP:7037) has released an update.

teno.Holdings Co., Ltd. has reported a modest increase in net sales by 11.5% for the six months ending June 30, 2024, compared to the same period last year, but has seen a downturn in key profitability metrics, with operating profit, ordinary profit, and profit attributable to owners all showing negative changes. The company’s equity ratio also slightly decreased from 23.5% to 20.6%. Despite these challenges, teno.Holdings remains committed to maintaining its dividend forecast of 9.00 yen per share for the fiscal year ending December 2024.

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