NOF (JP:4403) has released an update.
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NOF CORPORATION reports a solid financial performance for the first quarter of 2024, with net sales up 11.9% and profits attributable to owners increasing by 22.6%. The company’s equity-to-asset ratio has also seen a slight rise to 78.3%. Looking forward, NOF forecasts a modest increase in net sales for the fiscal year ending March 2025, but anticipates slight decreases in profits and earnings per share.
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