Kitagawa Corporation Faces Profit Decline

Kitagawa Corporation (JP:6317) has released an update.

Kitagawa Corporation reported a decline in operating profit by 77.2% and ordinary profit by 46.9% for the three months ending June 30, 2024, compared to the same period last year. Despite the downturn, the company maintains a stable equity-to-asset ratio of 50.2% and forecasts a year-end dividend of 40 yen per share. No changes in significant subsidiaries or accounting policies were reported, aside from those due to revisions in accounting standards.

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