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Express News | [Change Report] Milestone Capital Management reports a decrease in its Shareholding in Urbanet Corporation (3242.JP) to 10.89%.
Express News | [Change Report] Nobuharu Hattori reported a reduction in shareholding in Urbanet Corporation (3242.JP) to 16.11%.
The shareholding ratio of UrbanNet and StoneCo has decreased to 11.92%.
It has been revealed that the shareholding percentage of Milestone Capital Management (Milestone) in Urbanet <3242.T> has decreased. According to the large shareholding change report submitted by Milestone after the market close on March 31, the shareholding percentage dropped from 13.00% at the time of the last submission to 11.92%. The purpose of the shareholding is for pure investment. The closing price on March 31 was 464 yen, down 1 yen from the previous weekend. Provided by Wealth Advisor Corporation.
Express News | [Change Report] Milestone Capital Management reports a reduction in Shareholding of Urbanet Corporation (3242.JP) to 11.92%.
Urbanet Corporation Reports Financial Decline Amidst Challenging Market Conditions
Urbanet - Sales for this term decreased in Q2 due to heavy reliance on Q4, but construction for the group as a whole is on track for June 2025, with no changes to the initial plan.
Urbanet Corporation (3242) announced its consolidated financial results for the second quarter of the fiscal year ending June 2025 (July-December 2024) on the 7th. Revenue decreased by 30.3% year-on-year to 7.965 billion yen, operating profit decreased by 87.9% to 0.1 billion yen, ordinary loss was 0.232 billion yen (compared to a profit of 0.72 billion yen in the same period last year), and the interim net loss attributable to the parent company's shareholders was 0.21 billion yen (compared to a profit of 0.51 billion yen). During this interim consolidated accounting period, there was a significant drop in both revenue and profit compared to the same period last year.
