Star Micronics Co., Ltd (JP:7718) has released an update.
Star Micronics Co., Ltd. has reported that their first-half fiscal results for 2024 have outperformed sales forecasts but fell short in net income projections, leading to a substantial decrease in the full-year earnings forecast. Despite stronger sales, particularly in the Chinese market, profit forecasts have been revised downwards due to market recovery delays and increased tax burdens. The company has also adjusted its foreign currency exchange rate assumptions, which may affect future earnings.
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