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Miki Kogyo---Although a decrease in revenue in the third quarter, the revenue and profits of the residence business are steadily increasing.
Miki Industry <1718> announced its consolidated financial results for the third quarter of the fiscal year ending December 2024 (January-September 24). Revenue decreased by 14.2% year-on-year to 20.322 billion yen, operating profit decreased by 4.6% to 1.035 billion yen, ordinary profit decreased by 4.4% to 1.042 billion yen, and net profit attributable to the parent company's shareholders for the quarter decreased by 13.2% to 0.579 billion yen. The construction business revenue decreased by 26.3% year-on-year to 10.574 billion yen, with operating profit decreasing by 12.1% to 0.65 billion yen.
TOTO, 2Q operating profit increased by 58.1% to 24.1 billion yen
TOTO <5332> announced that for the second quarter of the fiscal year ending March 2025, revenue increased by 4.7% year-on-year to 355.7 billion 35 million yen, and operating profit increased by 58.1% to 24.1 billion 42 million yen. Washlet sales in the Americas were strong. With the market recovery, ceramic business also saw an increase in sales of static chucks for semiconductor manufacturing equipment components. Consequently, the net profit forecast for the fiscal year ending March 2025 was revised downward. The impact of increased tax burden was felt. [Positive Evaluation] <7184> Toyama Bank Revision.
Mikikogyo: Summary of financial results for the 3rd quarter of the fiscal year ending 2024/12 [Japanese GAAP] (consolidated)
Mikikogyo 9-Mos Net Y579.00M Vs Net Y667.00M
MIKIKOGYO: Revised Semi-Annual Report - Term 63 (2024/01/01 to 2024/12/31)
Acquiring all common stock of Miki Kogyo --- Hyo Construction Co., Ltd. and making it a subsidiary.
On the 26th, Mitsuki Kogyo, Inc. <1718>, announced that it has entered into a stock transfer agreement to acquire all of Hyo Construction's outstanding common stock with voting rights and will subsidiary the company. Mitsuki Kogyo, Inc. will acquire 1,200 shares (100% voting rights ownership) on the 29th, which will be transferred by Mr. Yuichiro Hyo (83.4% ownership), Mr. Hidehiro Nakao (8.3% ownership), and Mr. Kenta Goto (8.3% ownership). The company is engaged in construction, civil engineering, and facility construction in Hyogo Prefecture. Hyo Construction is based in Kobe, Hyogo Prefecture.
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