MACNICA HOLDINGS INC. (JP:3132) has released an update.
Macnica Holdings Inc. reported mixed financial results for FY2024’s first quarter, with their Semiconductor Business witnessing a 13% decline due to a slower industrial equipment sector, despite a strategic consolidation with Glosel. Contrastingly, the Network Business flourished, achieving a 32% increase driven by strong sales in security-related products. The company maintains its previously announced forecast for FY2024, expecting a recovery in the Semiconductor Business and continued growth in the Network Business.
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