Mabuchi Motor Co (JP:6592) has released an update.
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Mabuchi Motor Co., Ltd. reports a significant increase in financial performance, with actual results surpassing forecasts for the first half of 2024. This positive outcome is primarily attributed to foreign exchange gains from a weaker yen, leading to a remarkable rise in ordinary income and profit attributable to owners of the parent company. The actual profit per share nearly doubled the forecasted amount, reflecting a robust growth trajectory for the company.
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