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Ray Corp Profit Slips as Costs Outpace Revenue Growth

Ray Corp reported a decline in net profit to 436 million yen for the half-year ending August 31, down from 547 million yen during the same period last year. Despite a notable climb in revenue, the company struggled to maintain its bottom-line margins against rising operational pressure throughout the fiscal interval.

Ray Corp Profit Slips as Costs Outpace Revenue Growth

The Japanese firm’s revenue rose to 6.71 billion yen, up from 5.85 billion yen in 2025. However, this top-line expansion failed to translate into stronger earnings as operating profit fell to 546 million yen from 708 million yen. Pretax profit followed a similar downward trajectory, settling at 637 million yen compared to 778 million yen in the prior year.

Earnings per share dropped to 33.11 yen from 41.22 yen. These results, calculated under Japanese accounting standards, reflect a challenging period for the group as it grapples with the disparity between its growing sales volume and shrinking net profitability.

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