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Updated · MarketWatch · Apr 30Nagase Brothers reports FY net profit of Y3.98bn
3 articles · Updated · MarketWatch · Apr 30
- For the year ended 31 March, revenue rose to Y64.18bn from Y55.26bn and operating profit increased to Y5.98bn from Y4.86bn.
- Pretax profit climbed to Y5.83bn from Y3.88bn, while earnings per share nearly doubled to Y151.31 from Y74.33.
- The results, prepared under Japanese accounting standards, show broad year-on-year improvement across sales and profitability at the Japanese group.
Can Japan's corporate profit boom continue as the nation grapples with significant inflation for the first time in decades? As the Bank of Japan signals rate hikes, what is the outlook for companies reliant on domestic consumption? With record profits, will Nagase Brothers raise tuition fees or invest more in educational quality? Is Nagase's success a model for others, or an outlier in a Japanese economy facing new headwinds? How will rising energy costs and Middle East tensions impact Japan's domestic education sector?