Carta Holdings sees profit rebound in fiscal 2024

Carta Holdings Inc. (TSE: 3688) announced its financial results for the fiscal year ending December 31, 2024, revealing a net income of ¥1.688 billion, a stark contrast to the ¥2.360 billion loss in the previous year. The company attributes this recovery to a 0.7% increase in net sales to ¥24.275 billion, coupled with a 64.4% surge in operating income to ¥2.139 billion, driven by reduced selling, general, and administrative expenses. Ordinary income also climbed 32.6% to ¥2.384 billion.