Nankai Plywood's FY2025 profits dip amidst new stock plan

Nankai Plywood (TSE:7887) reported a mixed financial performance for the fiscal year ending March 31, 2025, with sales increasing 4.8% to JPY 24,921 million, but net profit attributable to the parent company plummeted 89.3% to JPY 101 million. Operating profit saw a 13.4% rise to JPY 961 million. The company attributes the profit decline to increased costs and difficult market conditions despite efforts to control expenses and expand product offerings.