Nitto Seiko Co., Ltd. (JP:5957) has released an update.
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Nitto Seiko Co., Ltd. reports a slight decrease in net sales by 0.2% year-over-year in their 2Q financial results, but sees a significant 20.8% increase in net income attributed to shareholders. The company attributes the profit rise to successful price pass-through strategies and strong sales of high value-added products, despite a slowdown in certain segments like game consoles and automotive applications. Overseas sales, particularly in China and at a new European base, have remained robust, contributing to the company’s overall performance.
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