Sanoyas Shipbuilding’s parent Sanoyas Holdings Corp has reported a sharp improvement in its results.
Although revenues in the first quarter ended June 30 were down 2.1% at JPY 11.73bn, net income surged to JPY 973m compared with JPY 450m in the same period a year earlier.
Operating profit came in at JPY 850m versus JPY 342, a hike of 148.5%.
