bullish
Tokyo Communications Group (7359 JP) - 2Q Follow-Up - Sep 4, 2024
SUMMARY
- On August 7, 2024, Tokyo Communications Group, Inc. (hereafter, the “Company") announced its 1H FY2024/12 financial results.
- Net sales fell 7.3% YoY to ¥2,771 mn, EBITDA was in the red with a loss of ¥16 mn (versus a positive EBITDA of ¥132 mn in 1H FY2023/12), and operating loss was at ¥211 mn, coming in worse than the ¥30 mn loss recorded in 1H FY2023/12.
- Ordinary losses increased from ¥56 mn to ¥88 mn, and 1H net loss expanded from¥87 mn to ¥158 mn.
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