Nippon Commercial Development H1 profit falls 47% despite strong acquisitions

Nippon Commercial Development reported Q2 net sales of 39.8 billion yen, down 11.4% year-on-year, with net profit falling 47% to 2.8 billion yen.

The company maintains its full-year forecast of 70 billion yen in sales and 6.1 billion yen profit, expecting most profits in the second half.

Acquisitions accelerated with signed agreements reaching 70 billion yen by July, exceeding the full-year target. The company maintains a 40.1% equity ratio.