TESS Holdings Co. Grapples with Profit Decline

TESS Holdings Co., Ltd. (JP:5074) has released an update.

TESS Holdings Co., Ltd. reports a challenging fiscal year ending in June 2024, with an 11% drop in net sales and a significant decrease in operating and net profits, partly offset by an increase in ordinary profit. The company’s financial position shows an increase in total and net assets, and a higher equity-to-asset ratio compared to the previous year. Despite the downturn, TESS Holdings still plans to pay dividends, although at a decreased rate from the prior year.

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