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Greens Co. Revenue Rises to ¥28.5 Billion as Net Profit Slips

Greens Co. Ltd. reported a 12.7% increase in revenue for the first half of the fiscal year ending December 31, 2024, even as a decline in net profit tempered the overall performance. While operating profit surged to ¥5.33 billion, the Japanese firm’s net income fell to ¥3.52 billion, down from ¥3.83 billion in the same period last year.

Greens Co. Revenue Rises to ¥28.5 Billion as Net Profit Slips

Revenue Growth and Operating Margins

The Tokyo-listed hospitality firm saw its top-line revenue climb to ¥28.50 billion, up from ¥25.28 billion a year earlier. This growth translated into a robust operating performance, with operating profit rising nearly 35% to reach ¥5.33 billion. Pretax figures followed a similar trajectory, matching the operating profit at ¥5.33 billion compared to ¥3.86 billion in the prior period, according to the company's financial statement.

Despite the strong operational gains, the company's bottom line faced pressure. Net profit for the six-month period settled at ¥3.52 billion, representing a year-on-year decline. Consequently, earnings per share dropped to ¥253.57, down from the ¥270.33 reported in the first half of 2024.

The results, which are based on Japanese accounting standards, reflect a period of high activity for the operator. While the company successfully expanded its revenue base, the discrepancy between operating growth and net profit suggests higher non-operating costs or tax adjustments compared to the previous fiscal cycle.

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