First Brothers Co., Ltd. (JP:3454) has released an update.
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First Brothers Co., Ltd. announced a revision to its earnings forecast for the fiscal year ended November 30, 2024, due to conservative investment strategies amid economic shifts. Despite a decrease in net sales, the company’s profits surpassed the lower end of the forecast range, driven by higher profit margins from property sales, increased lease income, and controlled expenses. This performance highlights the company’s adaptive measures in navigating fluctuating market conditions.
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