Aigan Co. Returns to Profitability as Nine-Month Revenue Gains

The Osaka-based eyewear specialist reported a revenue increase to ¥11.65 billion, up from ¥11.30 billion in the previous year. This growth helped the company pivot from a net loss of ¥60 million a year ago to its current profitable position. Earnings per share followed a similar trajectory, rising to ¥8.57 compared to a loss of ¥3.14 per share in the prior period.

Operational Turnaround

Beyond the bottom line, the company’s operational efficiency improved markedly. Aigan recorded an operating profit of ¥186 million, a sharp contrast to the ¥87 million operating loss reported during the first nine months of fiscal 2024. Pretax profits also saw a substantial recovery, reaching ¥235 million against a previous loss of ¥37 million.

According to the company's financial filing, these results are based on Japanese accounting standards. The figures reflect a broader stabilization in the group's margins as it navigates the competitive optical market. The transition back to profitability underscores a successful period of cost management and sales recovery for the 9854.TO listed entity.