NICHIAS Corporation Posts Strong Q1 Growth

Nichias (JP:5393) has released an update.

NICHIAS Corporation reports a positive first quarter for FY2024 with a 6.9% increase in net sales and a significant uptick in profits, with operating income and profit attributable to owners up by 38.0% and 34.5%, respectively. The company’s overall financial position strengthened, with total assets and shareholders’ equity both rising. NICHIAS forecasts a continued upward trend for the fiscal year, expecting a 1.4% rise in net sales and an 8.7% increase in profit attributable to owners.

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