Kitakei Profits Slip Amid Declining Half-Year Revenue

Kitakei Co. Ltd. reported a dip in financial performance for the half-year ending May 20, with parent net profit falling to 291 million yen from 325 million yen during the same period last year. Revenue for the Japanese firm also softened, sliding to 29.74 billion yen compared to the previous 30.42 billion yen.

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Operating profit at the company retreated to 390 million yen, down from 433 million yen a year earlier, while pretax profit settled at 475 million yen against 525 million yen. These figures reflect a broader cooling in results calculated under Japanese accounting standards.

Earnings per share dropped to 31.45 yen from the 35.08 yen recorded in the prior year period. Despite the earnings contraction, the firm maintained its dividend outlook, with a forecast of 28 yen per share for the full year, matching the previous year’s annual payout. No midyear dividend was declared.

Kitakei Profits Slip Amid Declining Half-Year Revenue

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