SHIFT: Net sales up 21.4% year-over-year, but profit margins declined amid higher costs and M&A activity
Net sales grew 21.4% year-over-year to ¥115,848 million, driven by robust sales and M&A, while operating profit declined 4.3% due to higher hiring costs. The company forecasts continued strong growth and will commence dividend payments, but faces margin pressure and economic uncertainties.Original…