Toyo Engineering Corporation (JP:6330) has released an update.
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Toyo Engineering Corporation reported a modest increase in net sales for the first half of 2024, despite significant declines in operating and ordinary profits compared to the previous year. The company maintained a stable financial position with a slight improvement in its capital adequacy ratio. Looking ahead, Toyo forecasts a small growth in net sales for the fiscal year ending March 2025, although profit margins are expected to remain under pressure.
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