Nippon Denko Co., Ltd. (JP:5563) has released an update.
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Nippon Denko Co., Ltd. has updated its consolidated earnings forecast for the fiscal year 2024, projecting an increase in net sales to 79,800 million yen and maintaining the ordinary profit at 3,000 million yen, with a new projection for profit attributable to owners of the parent at 3,400 million yen. The upward revision is attributed to rising market prices for manganese ore and high-carbon ferromanganese, coupled with a weaker yen. These changes represent a 5.0% increase in net sales and a 66.7% rise in ordinary profit compared to previous forecasts.
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