Soto Co., Ltd. (3571) Earnings Report: Operating Profit Down 29.5% YoY, Net Profit Surges 65.8%

Soto Co., Ltd. (3571) has released its financial results, reporting net sales of 3,033 million yen (a 4.0% decrease year-on-year), operating profit of 81 million yen (a 29.5% decrease), and ordinary profit of 127 million yen (a 19.8% decrease). Despite the decline in operating revenue, profit attributable to owners of the parent surged significantly to 326 million yen, representing a 65.8% increase compared to the same period of the previous year. Comprehensive income also expanded strongly to 573 million yen, up 93.0% year-on-year.

From a financial perspective, the company maintains a robust equity ratio of 73.7%, demonstrating a high level of financial stability. Retained earnings stand at 9.28 billion yen against interest-bearing debt of 650 million yen, underscoring a sound balance sheet backed by a solid financial foundation. Earnings per share (EPS) was recorded at 26.81 yen.