Tokyo Sangyo Co., Ltd. (JP:8070) has released an update.
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Tokyo Sangyo Co., Ltd. reported a significant increase in net sales by 62.1% for the quarter ended June 30, 2024, although it faced declines in operating profit, ordinary profit, and profit attributable to owners by 40.2%, 27.5%, and 34.0% respectively. The company’s equity ratio improved to 29.4% from 24.6% compared to the last fiscal quarter. Despite the mixed financial performance, the company maintains a stable dividend forecast of 36 yen per share for the fiscal year ending March 31, 2025.
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