SCAT Inc. (JP:3974) has released an update.
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SCAT Inc. has announced a revision of its consolidated earnings forecast for the fiscal year ending October 2024, with significant reductions in net sales and profits attributed to postponed sales projects, customer cancellations, and soaring operating costs. The Tokyo-based company also disclosed cuts in executive compensation, including a 30% pay reduction for the President and CEO, as part of their accountability measures in response to the downturn.
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