Lion Corporation Posts Strong First Half, Doubles Profit

Lion (JP:4912) has released an update.

Lion Corporation reports a robust first half of 2024, with a significant increase in profitability; net sales rose by 3% to ¥198,634 million, operating profit jumped by 113.9% to ¥13,357 million, and profit attributable to owners soared by 131% to ¥9,931 million. The company’s financial position remains strong with total equity at ¥304,326 million as of June 30, 2024. Earnings per share have more than doubled, and Lion forecasts continued growth with a year-end operating profit projection of ¥27,000 million, marking a 31.7% year-on-year increase.

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