Aichi Tokei Denki Reveals Mixed Quarterly Results

Aichi Tokei Denki Co., Ltd. (JP:7723) has released an update.

Aichi Tokei Denki Co., Ltd., a company listed on Tokyo and Nagoya stock exchanges, reported a 7.4% increase in net sales for the quarter ended June 30, 2024, compared to the previous year. However, there was a notable decrease in operating profit, ordinary profit, and profit attributable to owners of the parent by 28.2%, 24.1%, and 26.8%, respectively. The financial forecast for the fiscal year ending March 31, 2025, predicts a slight growth in net sales and a marginal decline in operating profit and profit attributable to owners.

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