Inabata Industry reports mixed first-quarter results

Inabata Industry reported consolidated net sales of 204.1bn yen for the first quarter, down 4.4% year-on-year. Operating profit declined 3.0% to 6.62bn yen.

However, ordinary profit increased 1.8% to 7.38bn yen, while net profit attributable to owners fell 5.1% to 6.05bn yen. Total assets grew by 6.44bn yen to 448.4bn yen, though net assets decreased marginally by 796m yen to 215.8bn yen.