Sagami Holdings (9900) Earnings: Operating Profit Decreased by 13.3% YoY to 685 Million Yen

Sagami Holdings (9900) announced its latest financial results, reporting that operating profit decreased by 13.3% YoY to 685 million yen. Net sales for the period reached 9,824 million yen, representing a 4.5% increase compared to the same period of the previous year. However, profits declined across major categories, with ordinary profit down 10.7% YoY to 723 million yen, and net income attributable to owners of the parent down 20.5% YoY to 476 million yen. Comprehensive income came in at 475 million yen, a decrease of 12.8% YoY. Despite the profit contraction, the company maintains a robust financial foundation with a high equity ratio of 76.9%. Interest-bearing debt remains low at 0.5 billion yen, supported by retained earnings of 3.8 billion yen. While facing a decrease in profits for the period, the company's solid balance sheet and low debt levels underpin its financial stability.