Nihon Kohden Revises First Half FY2024 Financial Forecast

Nihon Kohden Corporation (JP:6849) has released an update.

Nihon Kohden Corporation has downwardly revised its consolidated financial forecast for the first half of FY2024, with significant reductions in net sales, operating income, ordinary income, and income attributable to owners of parent. The company attributes the revision to lower-than-expected domestic sales due to budgeting trends in university and public hospitals, cautious capital expenditure in private hospitals, and continued decline of sales in China. Despite these setbacks, the company maintains its full-year forecast, expecting sales to pick up in the second half and plans to implement profit structure reforms.

For further insights into JP:6849 stock, check out TipRanks’ Stock Analysis page.