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Net income down over 23% in Q2 2019 for Gakujo

Tokyo-based Gakujo Co. Ltd has released its financial results for the second quarter of the fiscal year ending October 2019.

 

President and representative director, Kiyokazu Nagai, reported that net sales for the period were ¥2,857m, up 1.4% on last year. The company’s net income, however, was ¥335m, 23.6%.

 

Nagai-san is forecasting full year net sales of ¥7,100m and net income of ¥1,291m.

 

Photo courtesy of Shutterstock.com

 

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