Kanagawa Chuo Kotsu Posts Strong Q1 Results

Kanagawa Chuo Kotsu Co., Ltd. (JP:9081) has released an update.

Kanagawa Chuo Kotsu Co., Ltd. reported a solid performance in the first quarter ending June 30, 2024, with net sales up by 6.9% and a striking 106.4% increase in profit attributable to owners of the parent. The company’s financial position strengthened, with total assets at ¥157,793 million and an equity ratio of 35.8%. Despite a positive Q1, the full-year forecast anticipates a decrease in net sales and operating profit, with a modest 10.3% growth in profit attributable to owners of the parent.

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