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Nichiryoku Turns to Profit with 385 Million Yen Net Gain

A 385 million yen net profit marks a sharp reversal for Nichiryoku Co. Ltd. as the funeral services provider emerges from the 220 million yen loss reported during the same nine-month period last year. The swing arrives despite a contraction in overall revenue across the Japanese market.

Nichiryoku Turns to Profit with 385 Million Yen Net Gain

For the nine months ending December 31, the company recorded revenue of 1.36 billion yen, down from 1.67 billion yen in the prior year. While the bottom line moved into positive territory, core business metrics remain under pressure. Operating losses deepened to 323 million yen, compared to an 83 million yen deficit in the previous period, with pretax losses widening to 578 million yen.

The resulting earnings per share stand at 22.55 yen, a notable improvement over the previous year's loss of 13.78 yen per share. Management maintained a conservative stance on shareholder returns, reporting no dividends for the midyear or third-quarter periods, with no payouts currently forecasted for the remainder of the fiscal year. These figures reflect results prepared under Japanese accounting standards.

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