The company's operating profit also saw an increase, rising by 5.9 per cent to ¥6.74 billion, up from ¥6.362 billion in fiscal 2022. This improvement demonstrates effective cost management and operational efficiency. Ordinary profit followed suit, rising by 8.5 per cent to ¥7.486 billion, compared to ¥6.9 billion in the previous year.

Net income attributable to owners of the parent company rose by 12.3 per cent to ¥4.876 billion, up from ¥4.341 billion in fiscal 2022, the company said in a press release.

Earnings metrics also improved, with net income per share rising from ¥152.37 in fiscal 2022 to ¥175.43 in fiscal 2023. The company maintained strong financial health indicators, with net income as a percentage of net worth increasing slightly to 14.2 per cent, and ordinary profit as a percentage of total assets improving to 12.3 per cent. Operating profit as a percentage of total sales saw a modest increase to 5 per cent.

Fibre2Fashion News Desk (DP)