Asahi Intecc Co ( (AHICF) ) has released its Q2 earnings. Here is a breakdown of the information Asahi Intecc Co presented to its investors.
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Asahi Intecc Co., Ltd. is a Japanese company primarily involved in the medical sector, specializing in developing and manufacturing medical devices and components with a focus on the cardiovascular field.
In the latest earnings report for the six months ended December 31, 2024, Asahi Intecc reported a significant increase in net sales and profits, fueled by strong performance in its Medical Division both domestically and internationally.
The company achieved net sales of 61,491 million yen, marking a 13.2% year-on-year increase, with its Medical Division leading the growth with sales reaching 55,763 million yen, a 15.3% rise. Operating profit climbed to 17,395 million yen, a 28.9% increase, driven by market share expansion and favorable foreign exchange impacts. Despite a decline in the Device Division, the overall performance was robust.
Looking ahead, Asahi Intecc maintains its previous financial forecast for the fiscal year ending June 30, 2025, while assessing market dynamics and potential cost impacts. The company continues to focus on global expansion and enhancing its R&D capabilities to sustain growth.
