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Golf Digest Online ( (JP:3319) ) just unveiled an announcement.
Golf Digest Online Inc. reported a non-operating income gain of 677 million yen due to foreign exchange gains for the fiscal year ending December 2024. Despite a 7.7% increase in net sales driven by strong domestic and overseas performance, the company faced challenges in profitability due to high labor costs and a challenging U.S. market environment. Consequently, Golf Digest Online decided to forgo the year-end dividend to focus on financial stability and improving profitability, impacting shareholder returns.
More about Golf Digest Online
Golf Digest Online Inc. operates in the golf industry, providing services and products such as golf equipment sales and golf launch monitor services domestically and overseas. The company also offers golf lesson services primarily through GOLFTEC centers in the U.S. market.
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