Higashi Holdings (9029) Earnings: Operating Income Up +21.1% YoY to 981 Million Yen, Net Income Increases +23.9%

Higashi Holdings (9029) has released its latest financial results, reporting that operating income reached 981 million yen, up +21.1% year-on-year. Net sales were 15,199 million yen, a solid increase of +17.3% YoY. On the profit front, ordinary income rose to 1,086 million yen (+28.5% YoY), and net income attributable to owners of the parent came in at 628 million yen (+23.9% YoY), all achieving double-digit growth. Comprehensive income also expanded significantly by +60.5% YoY to 993 million yen. Regarding its financial structure and valuation indicators, the company maintains a stable equity ratio of 44.7%. Retained earnings stand at a robust 14.08 billion yen, supported by interest-bearing debt of 7.58 billion yen. Profitability metrics show a Return on Equity (ROE) of 4.17% and Return on Assets (ROA) of 1.72%, with EBITDA recorded at 0.98 billion yen, reflecting a steady expansion of operations and sound financial standing.