Shinagawa Refractories Co., Ltd. (JP:5351) has released an update.
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Shinagawa Refractories Co., Ltd. experiences a downturn in financial performance, with net sales falling 7.6% and operating profit down by 13.3% in June 2024 compared to the previous year. Profit attributable to owners plummets by 57.7%, although the company still maintains a strong capital adequacy ratio of 55%. The comprehensive income also took a significant hit, decreasing by 48.7% from June 2023.
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