CTS Co., Ltd. (JP:4345) has released an update.
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CTS Co., Ltd. reported improved financial performance for Q1 ending June 30, 2024, with net sales up by 5.9%, operating profit by 12.4%, and profit attributable to owners by 9.8% compared to the previous year. The company saw a slight increase in its equity ratio from 73.2% to 74.2%, indicating a stronger financial position. Additionally, CTS forecasts further growth in the full fiscal year with net sales expected to rise by 8.2% and profits by 6.5%.
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