Cota Co. Net Profit Plummets to 20 Million Yen

Cota Co. Ltd. reported a sharp decline in profitability for the half-year ending September 30, with net profit falling to 20 million yen from 133 million yen during the same period last year. The results, filed under Japanese accounting standards, reflect a difficult operating environment for the Tokyo-listed firm.

Today, 10:12· Money Talk· 856 reads

Cota Co. Net Profit Plummets to 20 Million Yen

Revenue showed marginal growth, reaching 3.60 billion yen compared to 3.54 billion yen in the previous year. However, the company faced significant pressure on its bottom line, shifting from an operating profit of 153 million yen to a loss of 0 million yen. Pretax profit also saw a substantial contraction, dropping to 68 million yen from 205 million yen.

Earnings per share fell to 0.71 yen from 4.59 yen. Despite the downturn in earnings, the company maintained its annual dividend forecast at 20.00 yen, with no interim dividend payout scheduled for the midyear period.

Cota Co. Net Profit Plummets to 20 Million Yen

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