Tomoku Co. Ltd. Reports Growth and Positive Outlook

Tomoku Co., Ltd. (JP:3946) has released an update.

Tomoku Co., Ltd. reported modest growth in their Q1 2024 financial results, with a 1.6% increase in net sales and a significant 33.1% rise in operating profit compared to the same period last year. The company’s profit attributable to owners grew by 13.3%, and they forecast a 6.8% growth in net sales with a notable 27.8% increase in operating profit for the full fiscal year. Despite these gains, Tomoku Co. expects a lower profit attributable to owners, anticipating a 9.8% decrease for the six months ending September 30, 2024, and a 31.9% increase for the full year.

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