Sanwa Holdings cancels treasury shares, reports declining Q1 results

Sanwa Holdings cancelled 2 million treasury shares, reducing outstanding shares to 221 million.

The company reported Q1 consolidated net sales of 140.8 billion yen, down 1.1% year-over-year. Operating profit fell 0.1% to 9.9 billion yen, while net profit declined 1.5% to 7.2 billion yen.