WARABEYA NICHIYO HOLDINGS Co., Ltd. (JP:2918) has released an update.
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WARABEYA NICHIYO HOLDINGS Co., Ltd. reported a record high in net sales for the first quarter of FY2025, driven by contributions from new plants, including the Virginia Plant in the U.S. However, operating profit in Japan suffered due to initial losses from the Iruma Plant and costs related to plant reorganization. Meanwhile, the company saw a significant 121.8% year-over-year increase in overseas net sales, largely attributed to the Virginia Plant’s performance.
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