Hybrid Technologies Co., Ltd., 2.5 times Increase in Net Income for The Current Fiscal Year

Hybrid Technologies Co., Ltd. <4260> [TSE-G] announced its financial results (based on IFRS) after the market closed on November 14th (15:30). The consolidated net income for the fiscal year ending September 2024 dropped by 66.9% from the previous period to 53 million yen. For the fiscal year ending September 2025, the profit is expected to recover in a V-shape, increasing by 2.5 times to 132 million yen. This will be the fourth consecutive term of revenue growth.

In the most recent three-month period, from July to September (4Q), the consolidated net income/loss turned to a loss of 79 million yen (compared to a profit of 73 million yen in the same period last year). The operating profit/loss margin drastically worsened from 11.6% in the same period last year to -12.2%.

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