Nitto Seiko Co., Ltd. (JP:5957) has released an update.
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Nitto Seiko Co., Ltd. reported a 2.4% increase in sales and a significant 32.7% rise in operating income for the third quarter, driven by robust demand for energy-related analyzers and parts inspection machines amid labor shortages. The company’s strategic expansion into Europe and effective price transfers, particularly for screw driving machines, contributed to these gains. Recovery in fastener product sales for the Chinese automotive market also bolstered overall performance.
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