Starts Corporation (8850) Earnings: Net Sales Up 4.7% YoY, Operating Profit Down 4.2% YoY

Starts Corporation (8850) has released its latest financial results, reporting net sales of JPY 62.21 billion, representing a 4.7% increase year-on-year. Ordinary income grew by 3.3% to JPY 8.46 billion, and net income attributable to owners of the parent increased by 8.4% to JPY 5.55 billion. Meanwhile, operating profit stood at JPY 7.99 billion, a decrease of 4.2% compared to the same period of the previous year. From a financial perspective, the company maintains a solid equity ratio of 54.2% and robust retained earnings of JPY 184.70 billion, highlighting a strong financial foundation. Cash and cash equivalents reached JPY 76.68 billion against interest-bearing debt of JPY 72.34 billion, securing ample liquidity. Operating cash flow was positive at JPY 1.84 billion, while free cash flow recorded -JPY 0.79 billion due to investments, reflecting a balanced approach to financial stability and capital allocation.