Tealife (3172) Earnings: Operating Income Decreases 31.7% YoY to 311 Million Yen

Tealife (3172) has released its financial results, reporting net sales of 11,141 million yen (down 3.1% year-on-year), operating income of 311 million yen (down 31.7%), ordinary income of 318 million yen (down 29.8%), and net income attributable to owners of the parent of 223 million yen (down 37.7%). The operating profit margin stands at 2.8%. Regarding the financial position and cash flows, operating cash flow generated 90 million yen, while investing cash flow was -513 million yen, resulting in a free cash flow of -430 million yen. Meanwhile, cash and cash equivalents stood at 1.96 billion yen, and EBITDA was 430 million yen. Furthermore, the return on equity (ROE) was 3.5%, and the return on assets (ROA) was 3.7%.