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TSURUHA Holdings Reports Increased Sales but Decline in Net Income

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TSURUHA Holdings Reports Increased Sales but Decline in Net Income

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The latest announcement is out from TSURUHA Holdings ( (JP:3391) ).

TSURUHA Holdings reported its consolidated financial results for the six months ending November 15, 2024, showing a 4% increase in net sales compared to the previous year. However, the company experienced a significant decline in net income attributable to owners of the parent, dropping by 47.7%. The company also announced a change in its fiscal year-end, which will result in a transitional 9.5-month period for the fiscal year ending February 28, 2025. This adjustment may impact year-on-year comparisons in future financial reports.

More about TSURUHA Holdings

TSURUHA Holdings Inc. operates in the retail industry, primarily focusing on the sale of pharmaceuticals, cosmetics, and daily necessities. The company is listed on the Tokyo Stock Exchange and is recognized for its extensive network of drugstores across Japan.

YTD Price Performance: 14.47%

Technical Sentiment Signal: Buy

Current Market Cap: $3.08B

See more insights into 3391 stock on TipRanks’ Stock Analysis page.

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