NTN (JP:6472) has released an update.
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NTN Corporation maintains its FY2024 full-year forecast with no changes, projecting net sales of ¥860.0 billion and an operating income of ¥32.0 billion. For the first quarter of FY2024, the company reports a net sales increase to ¥210.8 billion, up ¥10.0 billion year-over-year, and operating income growth to ¥4.5 billion, up ¥3.0 billion from the previous year. Despite a decrease in demand across Japan, Europe, and Asia, NTN’s sales and operating income have benefited from improved selling prices and cost reductions.
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