Glory (JP:6457) has released an update.
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GLORY LTD. has revised its consolidated financial forecasts upwards for both the first half and the full year of FY2024, due to higher than expected demand in the domestic market for machine replacements and system modifications for new banknotes, as well as continued demand for self-service solutions in the retail and transportation sectors. The updated forecasts predict a significant increase in net income, with a 60% and 15% rise for the first half and full year respectively compared to the original estimates. This optimistic outlook is set against a backdrop of unchanged currency exchange assumptions and strong previous year results.
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