KOHOKU KOGYO CO. LTD. (JP:6524) has released an update.
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KOHOKU KOGYO CO., LTD. has upwardly revised its financial forecast for the first half of the fiscal year ending December 2024, citing better-than-expected sales in optical components for submarine cables and a rebound in the automotive electronics market. The revised forecast predicts significant increases in net sales, operating profit, and semi-annual profit attributable to owners, with percentage changes ranging from 13.3% to 96.2% compared to previous forecasts. The positive adjustments are partly due to the weak yen and will be further detailed upon the announcement of the second quarter financial results on August 8, 2024.
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