Globeride's FY2025 results: Sales dip, profit rises on cost control

Globeride (TSE:7990) reported its financial results for the fiscal year ended March 31, 2025, highlighting both challenges and strategic successes. Net sales experienced a minor decrease, falling to JPY 123.98 billion, a 1.6% dip compared to the previous year. However, strategic cost control measures yielded positive results as the company managed to improve profitability with an operating profit of JPY 6.508 billion, an increase of 18.3% compared to the initial forecasts.