Cresco (4674) Earnings: Operating Profit Up 13.3% YoY to 1,149 Million Yen, Net Profit Gains 14.6%

Cresco (4674) announced its latest financial results, reporting that operating profit increased by 13.3% year-on-year to 1,149 million yen. Net sales reached 16,682 million yen (up 10.6% year-on-year), achieving top-line and bottom-line growth. Ordinary profit reached 1,254 million yen (up 14.5% YoY), and profit attributable to owners of parent rose to 864 million yen (up 14.6% YoY), while comprehensive income grew significantly by 30.4% to 1,740 million yen. Earnings per share (EPS) stood at 21.46 yen.

From a financial perspective, the company maintains a strong equity ratio of 70.5%, reflecting solid financial stability. Retained earnings accumulated to 25.30 billion yen against interest-bearing debt of 1.29 billion yen, showcasing a robust balance sheet. Operating cash flow stood at 5.33 billion yen and free cash flow at 4.01 billion yen, with cash and cash equivalents totaling 15.26 billion yen, confirming strong cash-generation capabilities.