NTN Corporation Projects Increased First-Half Earnings

NTN (JP:6472) has released an update.

NTN Corporation has released its revised consolidated earnings forecast for the first half of the fiscal year ending March 31, 2025, predicting net sales of 430 billion yen and a profit attributable to owners of the parent of 2 billion yen. The announcement follows a delay due to uncertainties such as volatile foreign exchange rates and fluctuating demand in key markets. The new forecast is based on an assumed exchange rate of 145 JPY to the USD and 160 JPY to the EUR starting from the second quarter.

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