LIXIL Group Corp ( (JSGCF) ) has released its Q3 earnings. Here is a breakdown of the information LIXIL Group Corp presented to its investors.
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LIXIL Group Corp is a prominent Japanese company that operates primarily in the housing and building materials industry, known for producing water and housing technology products such as sanitaryware, faucets, and doors.
In its latest earnings report for the third quarter ending December 31, 2024, LIXIL Group Corp reported a slight increase in revenue and core earnings, despite facing challenges in maintaining profit levels. The company continues to focus on its strategic segments of water and housing technology.
Key financial metrics revealed that the company’s revenue rose by 1.6% year-on-year to 1,140,456 million yen. However, the profit attributable to owners of the parent decreased by 36.8% to 4,283 million yen, reflecting significant challenges in the market. Operating profit improved by 11.5% to reach 28,406 million yen, indicating efficiency gains in operations. The company also maintained its annual dividends per share at 90 yen, consistent with the previous year.
Despite the decline in profit, LIXIL Group Corp’s management remains optimistic about future growth, focusing on enhancing operational efficiencies and expanding its product offerings in key markets. The company anticipates a stronger financial performance for the fiscal year ending March 31, 2025, with a forecasted increase in revenue and operating profit.
