Tokyu Construction Co., Ltd. (JP:1720) has released an update.
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Tokyu Construction Co., Ltd. reports a downturn in the first quarter of 2024 with net sales dropping by 12.1% and a move into the red across operating, ordinary, and net profits. Despite this, the company forecasts a recovery with an 8.5% increase in net sales and significant improvements in profitability for the full fiscal year ending March 31, 2025. The company’s capital adequacy ratio improved slightly from 37.8% to 41.7%, reflecting a more robust financial position.
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