Maxell, Ltd. (JP:6810) has released an update.
Maxell, Ltd. reports a mixed financial performance for the first quarter of 2024 with a slight decrease in net sales by 2.6% and a drop in profit attributable to owners by 5.9%, despite an increase in operating profit by 15.4%. The company’s total assets slightly decreased, while net assets and shareholders’ equity ratio saw modest gains. The forecast for the full year indicates a marginal decline in net sales and operating profit, with a more substantial expected decrease of 20.5% in profit attributable to owners of parent.
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