JTEKT (JP:6473) has released an update.
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JTEKT Corporation reported a slight decrease in revenue to 918.48 billion yen for the first half of 2024, with significant drops in profit before taxes and profit attributable to owners, reflecting challenging market conditions. Despite these declines, the company has increased its interim dividend payout and revised its full-year financial forecasts, signaling confidence in future performance. Investors may find JTEKT’s strategic adjustments and dividend changes noteworthy as the company navigates a turbulent economic landscape.
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