SUMCO Corporation Faces Financial Downturn in 2024

SUMCO Corporation (JP:3436) has released an update.

SUMCO Corporation reported a decrease in financial performance for the first half of 2024, with net sales, operating profit, ordinary profit, and profit attributable to owners declining compared to the previous year. The company also revised its earnings forecasts downward for the nine-month period ending September 30, 2024. These results come despite the company’s efforts to prepare supplementary material and host briefings for institutional investors and security analysts.

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