Suzuken reports mixed Q1 results amid strategic reforms

Suzuken reported first-quarter net sales of 592,872 million yen, up 1.8% year-on-year. Operating profit rose 5.3% to 5,586 million yen and ordinary profit increased 16.5% to 5,783 million yen.

However, profit attributable to owners fell 23.8% to 3,782 million yen, primarily due to the absence of gains from cross-shareholding reductions seen in the prior year.

The company repurchased 759,800 shares for 4,011 million yen and is advancing strategic business reform initiatives.