ANEST IWATA Reports Growth But Faces Profit Challenges

ANEST IWATA Corp. (JP:6381) has released an update.

ANEST IWATA Corp. reported a 4.5% increase in net sales for the second quarter of FY2024, driven by strong sales of coating equipment in Europe, the U.S., and exports from China. While operating profit showed a modest rise of 3.3%, foreign exchange losses led to a decrease in ordinary profit. The company maintains its interim dividend and full-year earnings forecast.

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