MIYAJI ENGINEERING Maintains Steady Financials

MIYAJI ENGINEERING GROUP, INC. (JP:3431) has released an update.

MIYAJI ENGINEERING GROUP, INC. reported a steady performance in their latest financial results for the three months ending June 30, 2024, with net sales remaining flat, operating profit slightly down by 1.6%, and profit attributable to owners increasing by 5%. Despite the lack of growth in sales, the company’s net assets saw a slight decrease, and they have announced a plan for a two-for-one share split effective October 1, 2024. Looking ahead, MIYAJI ENGINEERING has forecasted a positive outlook for the first half and full year of FY2025, with expected increases in net sales, operating profit, and profit attributable to owners.

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