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WDB coco Profits Slide as Nine-Month Earnings Tighten

WDB coco Co. Ltd. reported a sharp decline in its financial performance for the nine months ending December 31, with net profit falling to ¥457 million from ¥658 million in the previous year.

WDB coco Profits Slide as Nine-Month Earnings Tighten

The Tokyo-listed firm saw its revenue retreat to ¥3.63 billion for the period, down from ¥3.98 billion in the corresponding nine months of the previous year. This top-line contraction trickled down through the balance sheet, impacting the company's bottom-line performance and earnings per share, which fell to ¥190.22.

Margin Pressure and Earnings

According to the financial statement, operating profit experienced a significant squeeze, dropping to ¥659 million compared to ¥1.03 billion a year earlier. This decline in operational efficiency was mirrored in pretax profits, which also settled at ¥662 million, down from the ¥1.03 billion reported in the prior period.

Despite the downward trend in core earnings, WDB coco adjusted its shareholder return outlook. The company's board currently forecasts a year-end dividend of ¥95.00, representing an increase over the ¥80.00 distributed in the previous fiscal year.

The nine-month performance highlights include:

    • Revenue: ¥3.63 billion
    • Operating Profit: ¥659 million
    • Net Profit: ¥457 million
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