Takasago Thermal Engineering (1969) Reports Earnings: Operating Profit Down 16.2% YoY to 8.48 Billion Yen

Takasago Thermal Engineering (1969) has released its latest financial results, reporting operating profit down 16.2% year-on-year to 8.481 billion yen. Net sales were 84.922 billion yen (a 9.9% decrease YoY), ordinary profit came in at 9.621 billion yen (down 11.8% YoY), and profit attributable to owners of parent decreased by 28.4% to 6.408 billion yen. Comprehensive income was recorded at 6.797 billion yen (down 31.4% YoY), and earnings per share (EPS) stood at 48.97 yen.

From a financial and valuation perspective, the company maintains a solid capital structure with an equity ratio of 58.9%. Retained earnings stand at a robust 167.49 billion yen against interest-bearing debt of 40.59 billion yen. Regarding profitability metrics, return on equity (ROE) was recorded at 3.61%, and return on assets (ROA) stood at 1.82%.