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Profits down almost 8% at year-end 2018 for Gakujo

Tokyo-based Gakujo Co. Ltd has released its financial results for the fiscal year ending October 2018.

President and representative director, Kiyokazu Nagai, reported that net sales for the period were ¥6,448m, up just over 14.7% on last year. However, the company’s profits were down 7.9% at ¥1,123m. Nagai-san is forecasting full year net sales of ¥7,100m and net income of ¥1,291m for its next fiscal year.

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