Duskin FY2024 profit surges 91.9%, driven by sales growth

Duskin announced its consolidated financial results for FY2024, reporting net sales of JPY188.791 billion, a 5.6% increase year-over-year. Operating profit saw a substantial 43.0% rise, reaching JPY7.268 billion. Ordinary profit also increased significantly by 35.8% to JPY10.697 billion. The profit attributable to owners of the parent soared by 91.9%, amounting to JPY8.808 billion, largely attributable to strategic sales of held shares. The company forecasts continued growth for FY2025, expecting net sales to reach JPY195.000 billion and profit attributable to owners of the parent to increase to JPY9.000 billion. The company plans to increase shareholder returns, targeting a dividend payout ratio of 60% or a dividend on equity ratio of 3.0%, whichever is higher.