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Tigers Polymer Net Profit Jumps 48% on Strong Nine-Month Performance

Tigers Polymer Corp. reported a significant increase in profitability for the nine months ending December 31, 2024, with net income surging to ¥1.92 billion as the manufacturer capitalized on steady revenue growth and improved margins.

Tigers Polymer Net Profit Jumps 48% on Strong Nine-Month Performance

The Osaka-based manufacturer, listed on the Tokyo Stock Exchange, saw its revenue climb to ¥36.76 billion during the period, up from ¥35.21 billion a year earlier. This top-line expansion supported a sharp rise in the bottom line, with net profit increasing from ¥1.30 billion in the previous year.

Operational Growth and Margins

Operating profit for the group reached ¥2.51 billion, a notable improvement over the ¥1.93 billion recorded in the same nine-month window last year. According to the company's financial report, these results are based on Japanese accounting standards and reflect a broader trend of efficiency gains within the industrial polymer sector.

Key financial highlights for the period include:

  • Pretax profit rose to ¥2.88 billion from ¥2.25 billion.
  • Earnings per share increased to ¥97.29, compared to ¥65.79 previously.
    • Total group revenue grew by approximately 4.4% year-over-year.
The company's performance underscores a resilient demand for its specialized rubber and plastic products across various industrial applications.
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