Choei (2993) Earnings: Operating Income Up 46.0% YoY to 770 Million Yen, Net Income Jumps 49.4%

Choei (2993) has released its financial results, reporting net sales of 2,959 million yen, a 16.5% increase compared to the same period of the previous year. Operating income surged by 46.0% YoY to 770 million yen, ordinary income rose 51.6% to 622 million yen, and net income increased by 49.4% to 416 million yen. Earnings per share (EPS) stood at 95.21 yen.

Regarding the financial position and cash flows, the company maintains a solid liquidity base with cash and cash equivalents of 11.65 billion yen, while operating cash flow registered a positive 2.56 billion yen. Free cash flow came in at -5.26 billion yen. The equity ratio stands at 16.2%, interest-bearing debt at 54.40 billion yen, and retained earnings at 10.84 billion yen.