GLORY Ltd. Reports Q1 FY2025 Results: Net Sales Drop 22%, Net Income Plummets 94.3%
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GLORY Ltd. reported a significant decline in its Q1 FY2025 results, with net sales dropping 22% to ¥72.331 billion and net income plummeting 94.3% to ¥342 million. Operating income fell 81.1% to ¥2.057 billion, and ordinary income decreased by 87.2% to ¥1.224 billion. The financial market segment, particularly sales of open teller systems and coin recyclers, saw a 47.8% decline. The company did not provide guidance for future periods.
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