Nabtesco Outperforms Forecasts in H1 FY2024 Results

Nabtesco (JP:6268) has released an update.

Nabtesco Corporation reported financial results for the first half of FY2024, outperforming their previous forecasts with a net sales increase and higher operating income driven by strong demand in Automatic Doors Business and positive currency effects. Despite a shortfall in net sales for non-consolidated forecasts due to inventory adjustments and decreased demand in certain sectors, cost cutbacks and foreign exchange gains led to higher ordinary and net income than anticipated.

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