Inaba Denkisangyo achieves record results, outlines growth strategy

Inaba Denkisangyo announced record financial results for the fiscal year ended March 31, 2024, driven by strong sales and strategic price revisions. Net sales increased 11.2% year-over-year to ¥384.012 billion, with gross profit rising 14.1% to ¥65.086 billion. Operating profit saw a significant increase of 19.9% to ¥25.556 billion, and profit attributable to owners of parent increased by 20.2% to ¥18.783 billion, aided by tax benefits promoting wage increases.