Tokyo-listed Iino Kaiun Kaisha Ltd. saw its financial performance soften during the three quarters ending December 31. The company’s revenue contracted to ¥94.97 billion, representing a significant decrease from the ¥108.74 billion reported during the same period in the previous fiscal year. This top-line pressure trickled down to operations, with operating profit falling to ¥10.42 billion from ¥13.74 billion.
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Iino Kaiun Profit Drops to ¥12.68 Billion Amid Revenue Slump
Japanese shipping firm Iino Kaiun Kaisha Ltd. reported a decline in nine-month net profit to ¥12.68 billion, down from ¥14.18 billion a year earlier, as the company grappled with a double-digit slide in revenue.
Key Financial Metrics
The company’s profitability metrics showed a consistent downward trend across the board:
- Pretax profit reached ¥12.53 billion, down from ¥14.22 billion.
- Net profit settled at ¥12.68 billion, compared to ¥14.18 billion a year ago.
- Earnings per share dropped to ¥119.84 from the previous ¥134.03.
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