Lion (JP:4912) has released an update.
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Lion Corporation reported a year-on-year increase in net sales and profits for the first nine months of 2024, surpassing expectations for core operating income due to successful profit structure reforms. Despite these gains, the company faced a ¥6.2 billion impairment loss from consolidating its domestic fabric care category. The forecast for the fiscal year remains steady, reflecting the company’s strategic adjustments.
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