JAFCO Group Q1 profit surges 85% on capital gains

JAFCO Group reported net sales up 40.9% to 7,158 million yen for the three months ended June 30. Operating income rose 67.6% to 2,737 million yen, while profit attributable to stockholders surged 84.8% to 2,100 million yen.

Capital gains benefited from one IPO in Japan and sales of listed shares. Total assets decreased to 162,285 million yen from 169,970 million yen, primarily due to tax payments and dividends.