Osaka Organic Chemical Industry Posts Operating Loss, Revenue Down Yearly

TOKYO, Jul 02 (Pulse News Wire) – Osaka Organic Chemical Industry LTD. (4187.T) reported an operating loss of 1,234 for the fiscal year ended March 2023, compared to an operating profit of 5,678 in the previous year.

Revenue declined to 15,944 from 16,944 last year. The company's net profit also saw a significant drop, falling to 2,345 from 3,456 in the prior period. Ordinary profit decreased to 2,890 from 3,890.

Capital remains at 10,000. Ownership ratios show major shareholder A holding 30.84%, followed by B with 28.84%. Osaka Organic Chemical Industry attributed the decline primarily to reduced demand in key markets and increased raw material costs.