Hanwa reports 13.5% profit jump, makes strategic acquisitions

Hanwa Co reported a 13.5% year-on-year increase in ordinary profit to 14.0 billion yen for Q1 FY2025, with net sales up 3.5% to 639.8 billion yen. Growth was driven by Metal Recycling and Overseas Sales Subsidiaries.

The company divested shares in six companies, reducing strategic shareholdings to 15.2% of net assets. Investments totaled 7.5 billion yen, including a partial investment in a Thai tire pyrolysis recycling company and the acquisition of Kanematsu Trading Corporation.