Japan: Circular economy company TRE Holdings, a joint holding company of Takeei Corporation and River Holdings, raised its sales by 17% year-on-year to US$175m in the first quarter of the 2025 financial year. Its pre-tax profit was US$16.7m, up by 82% year-on-year. Gypsum wallboard recycling subsidiaries Green Arrows and Gypro reported a decline in sales and profit amid ‘sluggish’ order volumes.
For the full 2025 financial year, TRE Holdings expects to record sales of US$673m, up by 7%, and pre-tax profit of US$53.7m, up by 2%, in line with its previous outlook.
