Seibu Giken Co., Ltd. (JP:6223) has released an update.
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Seibu Giken Co., Ltd. reported an increase in sales but a decline in profit for the second quarter of fiscal year 2024, with net sales up to JPY 14,721 million yet operating profit down at JPY 1,630 million, due to a sluggish Chinese market. Despite the downturn, the company anticipates a rise in sales and profits for the full year, driven by strong orders from EV battery manufacturing plants across Europe, Japan, and North America, and maintains a stable dividend payout plan.
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