Nichiden Corporation (JP:9902) has released an update.
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Nichiden Corporation reported a modest increase in net sales and profits for the three-month period ending June 30, 2024, with net sales up by 3.8%, operating profit by 9.9%, and profit attributable to owners by 9.4% compared to the same period the previous year. The company’s financial position remains stable, with a slight increase in the equity ratio from 69.1% to 69.4%. Additionally, Nichiden Corporation forecasts a year-on-year increase in net sales and operating profit for the full fiscal year ending March 31, 2025, though it anticipates a decrease in profit attributable to owners and ordinary profit.
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