ANEST IWATA Corp. (JP:6381) has released an update.
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ANEST IWATA Corporation reported a 2.5% increase in consolidated net sales for the first quarter of FY2024, but saw a decrease in operating profit by 19.9% due to higher selling, general, and administrative expenses. Despite weak sales in Japan and China attributed to business sentiment, the company’s coating equipment sales showed strength in Europe and the Americas. The previous financial forecast for FY2024 announced on May 9 remains unchanged.
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