Ceres Plans to Cut Capital Costs, Boost Stock Price

MT Newswires Live

Mar 24, 2025

Ceres (TYO:3696) approved a plan to lower capital costs and boost its stock price at a Friday board meeting, according to a same-day filing on the Tokyo Stock Exchange.

The company's 2024 return on equity (ROE) rose to 14.6%, surpassing its 10.7% cost of equity, driven by record earnings in mobile services and improved blockchain profitability.

Attributable profit jumped to 1.48 billion yen from 451 million yen in 2023, while revenue climbed 15% to 27.71 billion yen.

Ceres raised its dividend to 60 yen per share from 20 yen. Its price-to-book ratio (PBR) improved to 3.2 from 1.5, while its price-to-earnings ratio (PER) eased to 22.7 from 23.4.

The company plans to expand its Moppy points platform and grow Bitbank into Japan's top crypto exchange.

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Its price-to-book ratio (PBR) improved to 3.2 from 1.5, while its price-to-earnings ratio (PER) eased to 22.7 from 23.4.</p><p>The company plans to expand its Moppy points platform and grow Bitbank into Japan's top crypto exchange.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0072463663.USD","symbol_name":"Blackrock Latin American A2 USD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2521787521","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2521787521","pubTimestamp":1742772916,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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