Ocean System (3096) Earnings: Operating Income Up +0.9% YoY to 638 Million Yen, Supported by Revenue Growth

Ocean System (3096) announced its financial results, reporting net sales of 24,999 million yen, representing a +4.2% increase compared to the same period of the previous year. On the profit front, operating income grew by +0.9% YoY to 638 million yen, and ordinary income increased by +1.2% YoY to 669 million yen, securing overall profit gains. Meanwhile, net income attributable to owners of the parent came in at 426 million yen (-8.8% YoY), and comprehensive income was 343 million yen (-39.8% YoY).

Examining the financial structure and cash flow metrics, operating cash flow stood at a positive 2.40 billion yen, while free cash flow remained in the black at 0.27 billion yen. Cash and cash equivalents totaled 4.34 billion yen, alongside an equity ratio of 49.6%, interest-bearing debt of 3.03 billion yen, and retained earnings of 12.03 billion yen. The company underpins its operations with a solid and sound financial foundation supported by steady cash generation.