MTG Co. net profit surges nearly fivefold in Q1

MTG Co., Ltd. (TSE:7806) announced its consolidated financial results for the three months ended December 31, 2024, revealing a sharp increase in profitability. Net sales rose by 38.6% to ¥23.66 billion compared to ¥17.075 billion in the same period last year. Operating profit saw an impressive surge of 225.7%, reaching ¥3.679 billion, while ordinary profit increased by 329.9% to ¥3.812 billion. The profit attributable to owners of the parent soared by 488.7% to ¥2.375 billion.