Nippon Sharyo (JP:7102) has released an update.
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Nippon Sharyo, LTD. reported a slight increase in net sales but significant drops in operating profit, ordinary profit, and profit attributable to owners of parent in Q1 2024 compared to Q1 2023. Despite the downturn in profitability, the company forecasts an increase in net sales and a decrease in profits for the full year ending March 31, 2025. They have also announced an expected increase in annual dividends per share for the fiscal year 2025.
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