Kanto Denka Kogyo Co., Ltd. (JP:4047) has released an update.
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Kanto Denka Kogyo Co., Ltd. reports a turnaround in its financial performance for the first quarter of FY2025, with net sales slightly down by 5.3% but operating profit up, showing a shift from a loss of 1.4 billion yen in Q1 FY2023 to a profit of 1.2 billion yen in Q1 FY2024. The company saw an increase in specialty gases sales due to higher semiconductor manufacturing rates, while battery materials sales faced a decline in both volume and price amidst a slowing EV market. The loss on valuation of inventories significantly improved from a 2.1 billion yen loss in the previous year to just 300 million yen.
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