Palemo Holdings (2778) Reports Earnings: Operating Income Down 60.3% YoY to 71 million yen, Net Income Down 86.2% YoY to 15 million yen

Palemo Holdings (2778) has released its financial results, reporting net sales of 6.838 billion yen (a 4.7% decrease year-on-year). In terms of profitability, operating income declined by 60.3% year-on-year to 71 million yen, while ordinary income decreased by 66.8% year-on-year to 58 million yen. Profit attributable to owners of parent stood at 15 million yen, representing an 86.2% decrease compared to the same period of the previous year. Comprehensive income also decreased by 86.2% year-on-year to 15 million yen. Regarding the financial position and cash flows, operating cash flow was -842.815 million yen and free cash flow was -930.263 million yen. Meanwhile, cash and cash equivalents stood at 1.167 billion yen, with an equity ratio of 25.5%. Basic earnings per share (EPS) was recorded at 1.32 yen, and diluted earnings per share came to 1.09 yen.