Nitto Denko (JP:6988) has released an update.
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Nitto Denko Corporation reported a robust performance in the first quarter ended June 30, 2024, with significant increases in revenue and profits compared to the previous year, and a positive outlook for the upcoming fiscal year despite a planned stock split. The company experienced a substantial jump in operating profit by 126.2% and net profit by 137.9%, reflecting strong financial growth. Additionally, Nitto Denko anticipates a stock split and has adjusted its dividend and earnings per share forecasts accordingly.
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