Kyokuyo revenue jumps 11.5% but profits plunge 30.9%

Kyokuyo Co reported net sales of 76.03bn yen for the first quarter ending June 30, up 11.5% year-over-year. However, operating profit decreased 15.9% to 2.61bn yen, while net profit attributable to owners plunged 30.9% to 1.67bn yen.

Total assets increased by 8.23bn yen to 190.36bn yen, though the company's equity ratio declined 0.6 percentage points to 35.9%.