Ryoden Corporation Faces Q1 Earnings Decline

Ryoden (JP:8084) has released an update.

Ryoden Corporation, listed on the Tokyo Stock Exchange, reports a decrease in consolidated financial results for Q1 2024, with net sales, operating profit, ordinary profit, and profit attributable to owners falling by 13.1%, 42.6%, 28.4%, and 20.8% respectively, compared to the same period last year. The company’s total assets also decreased, while equity ratio improved slightly from March 31, 2024. Despite the downturn, Ryoden maintains a stable dividend forecast for the fiscal year ending March 31, 2025.

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