Nitto Seiko Sees Profit Growth Amidst Stable Sales

Nitto Seiko Co., Ltd. (JP:5957) has released an update.

Nitto Seiko Co., Ltd. reported a slight decrease in net sales by 0.2% for the first half of 2024 compared to the previous year, but saw significant growth in profits with operating profit and profit attributable to owners increasing by 15.1% and 20.8% respectively. The company also announced a slight increase in its dividend per share from 18.00 yen in the previous year to a forecasted 19.00 yen for the year ending December 31, 2024. With a strong equity ratio of 61.3%, the company maintains a robust financial position.

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