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Money Talk

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Ozu Corp Net Profit Nearly Doubles in First Quarter

Ozu Corp reported a sharp rise in profitability for the first quarter ending August 31, with net profit reaching 303 million yen. This result marks a significant jump from the 164 million yen recorded during the same period last year, driven by steady gains across the company's primary revenue streams.

Ozu Corp Net Profit Nearly Doubles in First Quarter

Revenue for the period rose to 2.96 billion yen, up from 2.67 billion yen in the previous year. Operating profit more than doubled, climbing to 333 million yen compared to 150 million yen a year earlier, while pretax profit reached 419 million yen. These figures, prepared under Japanese accounting standards, translate to per-share earnings of 36.08 yen, nearly double the 19.52 yen reported in the prior fiscal cycle.

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