Sugai Chemical Industry Net Profit Drops to 84 Million Yen

Revenue for the Japanese chemical manufacturer climbed to 2.96 billion yen, up from 2.59 billion yen in the previous year. However, this growth failed to translate into profitability as operating profit plummeted to 61 million yen from 216 million yen. Pretax profit followed a similar downward trajectory, falling to 121 million yen from 261 million yen.

Earnings per share dropped to 64.89 yen, compared to 165.79 yen in the prior year. The company maintained its annual dividend forecast at 90 yen per share, with no dividend declared for the midyear period. These results were prepared in accordance with Japanese accounting standards.