Innovation (3970) Earnings Report: Revenue Decreases 7.5% YoY to 1.47 Billion Yen, Operating Income at 9 Million Yen

Innovation (3970) has released its financial results, reporting revenue of 1.47 billion yen, representing a 7.5% decrease year-on-year compared to the same period of the previous year. Operating income came in at 9 million yen, with ordinary income at 5 million yen, and net income attributable to owners of the parent was -53 million yen (earnings per share of -19.76 yen). Comprehensive income stood at -21 million yen.

Cash and cash equivalents totaled 3.26 billion yen, providing liquidity. Furthermore, ROE was -14.59%, ROA was -5.66%, and EBITDA was -10 million yen. The equity ratio stands at 38.1%, as market participants monitor future earnings recovery and balance sheet management.