Ichigo (2337) Earnings: Operating Profit Decreases 25.4% YoY to 2.587 Billion Yen, Net Profit Up 23.7%

Ichigo (2337) announced its financial results, reporting net sales of 10,497 million yen (down 15.9% year-on-year), operating profit of 2,587 million yen (down 25.4% year-on-year), and ordinary profit of 1,448 million yen (down 37.8% year-on-year). Meanwhile, profit attributable to owners of parent rose 23.7% year-on-year to 2,883 million yen, securing a solid increase in net income despite the decline in operating profit down 25.4% year-on-year.

Regarding the financial position and valuation metrics, ROE stands at 2.68%, ROA at 0.65%, and EBITDA at 2.59 billion yen. Cash and cash equivalents stand at 34.26 billion yen, while operating cash flow was -26.47 billion yen and free cash flow was -18.04 billion yen. While cash outflows related to investments and business activities are observed, the company maintains its cash reserves.