Toenec Corporation Posts Mixed Q1 Results

Toenec Corporation (JP:1946) has released an update.

Toenec Corporation reported a slight increase in net sales by 3.4% for the three months ended June 30, 2024, compared to the same period last year, but saw decreases in operating and ordinary profits. The company’s profit attributable to owners of parent, however, grew by 11.5%. Additionally, a forecast for the fiscal year ending March 31, 2025, predicts a rise in net sales with a dip in profits and a planned share split to celebrate the company’s 80th anniversary.

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