FY2024-Q3First statedAnnual report
「As a result, revenue was ¥11,053 million, up 8.1% year on year. Despite the effect of higher revenue, operating profit declined 1.9% to ¥320 million due to soaring raw material prices and increased depreciation resulting from capital investment in the TATEBAYASHI Creation Center. Ordinary profit declined 49.2% to ¥534 million because a ¥544 million gain on the sale of investment securities had been recorded in the cumulative third quarter of the previous consolidated fiscal year. Profit attributable to owners of the parent declined 92.2% to ¥51 million due to the recording of ¥307 million in restructuring costs and ¥85 million in impairment losses associated with the end of production at the Hatogaya Plant.」
For the FY2024-Q3 cumulative period, revenue increased 8.1% year on year, while operating profit declined 1.9% due to soaring raw material prices and higher depreciation, ordinary profit declined 49.2% due to the absence of the gain on the sale of investment securities, and quarterly profit attributable to owners of the parent declined 92.2% due to restructuring costs and impairment losses.