Shinsho Corporation profit falls 33% despite maintaining forecasts

Shinsho Corporation reported first-quarter net sales of 147.7 billion yen, down 3.1% year-over-year, with operating profit falling 17.9% to 2.9 billion yen due to lower non-recurring gains. Net income dropped 32.6% to 2.0 billion yen.

Despite the decline, Shinsho maintained its full-year forecast of 12.0 billion yen recurring profit and 9.2 billion yen net income. The company confirmed a 106 yen per share dividend forecast, adjusted for a three-for-one stock split effective April 2025.