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Hagiwara Electric Hits Record Sales Despite Profit Decline
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Hagiwara Electric Hits Record Sales Despite Profit Decline

Hagiwara Electric Holdings Co (JP:7467) has released an update.

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Hagiwara Electric Holdings Co. reported a record high in net sales, reaching ¥131.7 billion, driven by new transactions and demand for production facilities. However, profits declined due to changes in sales composition, increased expenses, and foreign exchange losses, leading to a downward revision in earnings forecasts.

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