Sangetsu Corporation Q1 Profits Decline, Outlook Positive

Sangetsu Corporation (JP:8130) has released an update.

Sangetsu Corporation reports a decline in consolidated financial results for the first quarter ending June 30, 2024, with net sales showing a slight increase of 3.2% but operating profit, ordinary profit, and profit attributable to owners down by 32.9%, 32.7%, and 35.8% respectively, compared to the previous year. Despite the setback, the company maintains a positive outlook with a forecast for the full fiscal year predicting a 3.2% rise in net sales, although profits are expected to fall. The company’s equity ratio decreased marginally from 62.5% to 61.9%, and they announced no changes to its dividend forecast.

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