Cota Co. Swings to Profit in First Quarter

Operating profit reached ¥9 million, a significant recovery compared to the ¥49 million loss recorded in the previous year. Pretax profit also climbed to ¥61 million, shifting from a ¥37 million loss in the prior cycle. These results, reported under Japanese accounting standards, translate to earnings of ¥1.28 per share, compared to a loss of ¥1.16 per share during the same quarter last year.

The company maintained its dividend forecast, projecting a year-end payout of ¥20.00 per share, consistent with its annual outlook. No dividends were issued for the first quarter.