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RIDE ON EXPRESS HOLDINGS Reports Decreased Profits Amidst Growth in Comprehensive Income

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RIDE ON EXPRESS HOLDINGS Reports Decreased Profits Amidst Growth in Comprehensive Income

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RIDE ON EXPRESS HOLDINGS Co ( (JP:6082) ) has provided an update.

RIDE ON EXPRESS HOLDINGS Co., Ltd. reported a decrease in financial performance for the nine-month period ending December 31, 2024, with net sales dropping by 2.3% and operating profit down by 31.7% compared to the same period in 2023. However, comprehensive income significantly increased by 161%, indicating potential areas of growth or efficiency improvements. The company maintains a stable equity-to-asset ratio, although its financial forecasts for the fiscal year ending March 2025 predict further declines in profits. This suggests a challenging operating environment or strategic investments that may impact short-term profitability.

More about RIDE ON EXPRESS HOLDINGS Co

RIDE ON EXPRESS HOLDINGS Co., Ltd. is a company listed on the Tokyo Stock Exchange, focusing on the food service industry. It provides a range of food delivery services, likely targeting the Japanese market given its listing and operations under Japanese GAAP.

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