Aichi Steel Corporation (JP:5482) has released an update.
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Aichi Steel Corporation reported a decline in financial performance for the three months ending June 30, 2024, with revenue and profits falling compared to the previous year. Despite a drop in operating profit and profit before tax by more than 40%, the company’s comprehensive income increased by 36.2%. The forecast suggests a challenging first half for the fiscal year 2025, with significant expected decreases in profit, although a slight increase in full-year revenue is anticipated.
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