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Yonkyu Net Profit Slumps to 1.04 Billion Yen in First Half

A sharp decline in net profit marked the first half of the fiscal year for Yonkyu Co. Ltd., with earnings falling to 1.04 billion yen from 2.75 billion yen during the same period last year. Despite this drop in the bottom line, the company reported significant growth in top-line revenue.

Yonkyu Net Profit Slumps to 1.04 Billion Yen in First Half

For the six-month period ending September 30, the Japanese firm generated 25.52 billion yen in revenue, climbing from 21.06 billion yen a year earlier. Operating profit also showed improvement, rising to 1.30 billion yen against 510 million yen in the prior period. Pretax profit followed a similar upward trend, reaching 1.54 billion yen compared to 657 million yen previously. Under Japanese accounting standards, earnings per share for the period settled at 85.14 yen, down from 224.34 yen reported last year.

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