Kumagai Gumi Co (JP:1861) has released an update.
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Kumagai Gumi Co. reported a decline in their first quarter profits, with comprehensive income dropping to 588 million yen, an 84.1% decrease from the previous year’s 3,697 million yen. The company’s consolidated financial position also weakened slightly, with owner’s equity down to 175,024 million yen from 180,014 million yen. Despite these results, the forecast for FY2024 remains unchanged, with no revisions to the projected consolidated operating results or cash dividends.
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