Diamond Electric Holdings Co., Ltd. (JP:6699) has released an update.
Diamond Electric Holdings Co., Ltd. reports a mixed financial performance in the first quarter of fiscal year 2024, with a notable increase in Mobility Equipment sales and profits due to demand in China and cost reductions, while Home Electronics sales dropped sharply due to market shifts. The company experienced a decrease in net sales overall, but ordinary profit rose substantially. Additionally, the company benefited from foreign exchange gains and higher income taxes due to increased pre-tax income.
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