Okuwa Co., Ltd. (JP:8217) has released an update.
Okuwa Co., Ltd. has reported marginal growth in its operating revenues, increasing by 0.8% year-over-year to 58,697 million yen for May 2024, while operating profits suffered a sharp decline, with a loss of 38 million yen compared to 6 million yen profit the previous year. The company’s total assets decreased slightly from 132,496 to 131,019 million yen, with the net assets and capital adequacy ratio also seeing a small dip. Basic earnings per share were negative at -1.30 yen, a slight decrease from -1.05 yen the year before.
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