CYNEX (2376) Earnings: Operating Income Decreases 65.0% YoY to 167 Million Yen, Net Income Down 81.6%

CYNEX (2376) has released its financial results, reporting net sales of 17.089 billion yen, a 3.6% increase compared to the same period of the previous year. However, profit figures showed significant declines, with operating income dropping 65.0% YoY to 167 million yen, ordinary income decreasing 54.3% YoY to 224 million yen, and net income attributable to owners of the parent falling 81.6% YoY to 50 million yen. The operating profit margin stood at 1.0%.

From a financial and valuation perspective, cash and cash equivalents stood at 3.66 billion yen. Operating cash flow recorded a positive inflow of 235 million yen, whereas investing cash flow was -342 million yen, resulting in a negative free cash flow of approximately -110 million yen. Furthermore, EBITDA was recorded at 0.37 billion yen, return on equity (ROE) stood at 0.63%, and return on assets (ROA) was 0.35%.