Nitto Kohki Co., Ltd. (JP:6151) has released an update.
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Nitto Kohki Co., Ltd. reported a decline in sales and operating profit in the first quarter of FY2025 compared to the previous year, but saw an increase from the previous quarter, with sales up by 3.6% and operating profit by 28.5%. Despite domestic market recovery, international sales suffered due to reduced demand for quick connect couplings in China’s lithium-ion battery sector. The company maintained its initial financial forecast for FY2024, with no change to the projections announced on May 9, 2024.
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