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Japan's Sanyo Shokai's sales rise 5.3% in FY24

17 Apr '24
1 min read
Japan
Japan's Sanyo Shokai's sales rise 5.3% in FY24

Sanyo Shokai Ltd, a Japanese apparel firm, has reported a net sales increase of 5.3 per cent to 61.353 billion yen (approximately $396.9 million) in fiscal 2024 (FY24), up from 58.273 billion yen in the previous year. Operating profit saw a 36.3 per cent increase, climbing to 3.047 billion yen. Ordinary profit followed suit, jumping 30.7 per cent to 3.184 billion yen.

Profit attributable to owners of parent equity also experienced a healthy rise of 29.3 per cent, totalling 2.787 billion yen, up from 2.155 billion yen in the prior year, the company said in a press release.

Earnings per share (EPS) significantly increased to 238.96 yen from 178.68 yen, marking a significant return for shareholders. Sanyo Shokai also reported an ordinary profit to total assets ratio of 5.6 per cent and an operating profit to net sales ratio of 5 per cent.

Fibre2Fashion News Desk (DP)

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