Kawai Musical Instruments Manufacturing Co., Ltd. (JP:7952) has released an update.
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Kawai Musical Instruments Manufacturing Co., Ltd. reported a decrease in net sales by 9.3% and a significant drop in profits for the three months ending June 30, 2024, compared to the same period last year. The company’s forecast for the full year anticipates continued declines in sales and profits, with a net profit expected to fall by 85.6%. No dividends are forecasted for the year ending March 31, 2025, reflecting the challenging financial results.
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