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

17 Apr '24

1 min read

Pic: Sanyo Shokai

Insights

Sanyo Shokai reported net sales of 61.353 billion yen (approximately $396.9 million) in FY24, a 5.3 per cent increase.
Operating profit rose 36.3 per cent to 3.047 billion yen, with ordinary profit up 30.7 per cent at 3.184 billion yen.
EPS grew to 238.96 yen.
The company reported ordinary profit to total assets ratio of 5.6 per cent 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)

More Apparel/Garments News - Japan...