Otani Kogyo Net Profit Slides 29% on Weakening Nine-Month Revenue

The Tokyo-listed manufacturer reported a parent net profit of ¥237 million for the nine months ended December 31, a sharp decline from the ¥335 million recorded during the same period the previous year. According to the company's latest financial statement, earnings per share dropped to ¥305.14 from ¥430.68.

Financial Performance Breakdown

Top-line figures also showed signs of cooling, with total revenue retreating to ¥5.74 billion compared to ¥5.98 billion a year earlier. This contraction impacted the company's operating efficiency, as operating profit fell to ¥337 million from ¥462 million, while pretax profit settled at ¥324 million.

Despite the downturn in profitability, Otani Kogyo plans to keep its dividend steady. The company forecasted a year-end payout of ¥30.00 per share, bringing the total annual dividend to ¥30.00. These results, prepared under Japanese accounting standards, highlight the fiscal hurdles the company faced throughout the three-quarter period.