Furukawa Co., Ltd. (JP:5715) has released an update.
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Furukawa Co., Ltd. reported a slight increase in net sales to 47.657 billion yen for the first quarter of 2024 but faced declines in operating and ordinary profits, as well as profit attributable to owners, compared to the previous year. Despite a comprehensive income drop, the company forecasts a decrease in net sales and profits for the six months ending September 2024, with a modest uptick in operating profit by the fiscal year-end. No changes to dividend forecasts were reported, maintaining a 60 yen total payout per share for the fiscal year ending March 2025.
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