TOKYO, Mar 18 (Pulse News Wire) – Rix Corporation (7525.T) amended its sales composition ratio targets for fiscal 2024 due to errors identified in previously disclosed figures. The correction pertains to the “Measures Towards Realizing Capital Cost and Share Price Conscious Management,” which was initially published on March 10, 2026.
Previously, the company stated a certain sales composition ratio for original products in the fiscal year 2024. However, upon further review, it was found that there was an error in the reported data. The corrected figure for the same target is now being communicated. In addition to the amendment, Rix Corporation acknowledged that it had mistakenly conveyed this incorrect ratio through various channels such as its website and investor relations materials during the current fiscal period. The company apologized for any confusion caused by the misreporting.
To enhance profitability, Rix Corporation plans to strengthen its manufacturing capabilities and increase the proportion of original product sales within its portfolio. The company’s strategy involves focusing more on producing unique items with higher profit margins, aiming to address customer needs and societal challenges effectively. Investor evaluation remains a key focus for Rix Corporation. The company's operating profit accounts for approximately 20% of the average price-to-earnings ratio observed on the Tokyo Stock Exchange Prime Market. To improve transparency and provide investors with additional judgment criteria, Rix Corporation intends to expand its financial information disclosure efforts moving forward.
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