Taiyo Yuden Co., Ltd. (JP:6976) has released an update.
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Taiyo Yuden Co., Ltd. reported a 7% quarter-on-quarter increase in net sales to ¥86.7 billion, though both sales and operating profit missed earlier forecasts due to weak demand in Chinese smartphones and other markets. The company has revised its annual forecast, now expecting a modest 2% year-on-year sales growth to ¥330 billion, with a 16% decline in operating profit.
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