GENDA’s sales jump 45%, but acquisition costs push it into a quarterly loss
GENDA is still buying growth faster than it is booking clean profit. First-quarter sales jumped 45.0% to JPY 49,702m, but GAAP operating income fell 79.2% to JPY 288m and the group swung to a JPY 752m net loss as depreciation, goodwill amortisation and financing costs rose; management kept full-year targets unchanged and kept steering investors toward adjusted EBITDA of JPY 4,612m. The filing still offered no quarterly cash-flow statement, which is mildly inconvenient when the pitch is "trust the adjusted numbers".