Mitsuba Corporation (JP:7280) has released an update.
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MITSUBA Corporation reported a strong performance in the first quarter of 2024 with net sales increasing by 6.8%, operating profit soaring by 160.4%, and profit attributable to owners jumping by 216.6% compared to the same period last year. Basic earnings per share also saw a significant rise from 20.66 yen to 75.82 yen. Despite a robust quarter, the company is forecasting a modest increase in net sales and a decline in profits for the full fiscal year ending March 31, 2025.
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