Shinnihon Corporation’s Mixed Q1 Financials

Shinnihon Corporation (JP:1879) has released an update.

Shinnihon Corporation reports a modest increase in net sales but a decline in operating income, ordinary income, and net income attributable to owners for the first quarter ended June 30, 2024, compared to the same period in the previous year. The company’s total assets decreased while net assets and equity-to-asset ratio showed a slight improvement. Shinnihon forecasts a marginal growth in its financial results for the fiscal year ending March 2025.

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