Toyobo Co. Reports Significant Profit Surge Amid Challenges

Toyobo Co (JP:3101) has released an update.

Toyobo Co. reported a notable improvement in its financial performance for the six months ended September 30, 2024, with net sales rising by 4.9% and operating profit surging by 193.5% compared to the previous year. Despite these gains, profit attributable to owners of the parent dropped significantly by 94.3%. The company remains optimistic with forecasts for the fiscal year ending March 31, 2025, projecting further growth in net sales and profits.

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