JTEKT (JP:6473) has released an update.
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JTEKT Corporation reports a 4.1% increase in revenue for the quarter ending June 30, 2024, yet experiences significant declines in business profit, profit before income taxes, and profit for the period, reflecting year-on-year decreases of 38.7%, 32.8%, and 25.9% respectively. The company’s total assets have grown, with a total equity increase to 864,194 million yen, up from 822,770 million yen at the end of the previous fiscal year. Despite a turbulent financial quarter, JTEKT forecasts a modest full-year revenue growth of 2.0% and a basic earnings per share of 102.04 yen.
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