Casio sales dip amid cyberattack, profit declines sharply

Casio Computer (TSE: 6952) reported a 2.7% year-on-year decrease in net sales for the nine months ended December 31, 2024, reaching ¥195.7 billion. The decline was attributed to the impact of a ransomware attack in October that disrupted operations, particularly affecting product supply in the Timepiece segment. Profit attributable to owners of the parent plummeted by 57.3% to ¥4.26 billion.