T&D Holdings profit rises despite revenue decline in Q1

T&D Holdings reported ordinary profit of 58.7 billion yen for the three months ended June 30, up 4.4% from the previous year, while ordinary revenues declined 6.4% to 891.7 billion yen. Profit attributable to owners rose 9.2% to 37.3 billion yen.

The company announced a planned acquisition of a 29.9% stake in Viridium Group and intends to raise up to 140 billion yen through borrowings and corporate bonds.