IRISO Electronics Co., Ltd. (JP:6908) has released an update.
IRISO Electronics Co., Ltd. reported a slight increase in net sales to ¥12.5 billion in FY2024 Q1, a 0.3% rise year-over-year, while operating profit plummeted by 80.3% due to various challenges including exchange rate fluctuations and high raw material costs. The company is focusing on a smooth transition to a new ERP system and is set to revise its full-year forecast post Q2 results, aiming to improve profitability through cost reductions and sales strategies.
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