OSG (JP:6136) has released an update.
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OSG Corporation has maintained its net sales forecast but lowered its profit projections for the fiscal year ending November 2024, citing increased expenses due to inflation and a prolonged impact from an automobile certification fraud issue on its production and shipments. While consolidated net income is expected to decrease, non-consolidated ordinary income and net income are projected to exceed previous expectations due to higher dividend income from subsidiaries. The year-end dividend forecast remains at 32 yen per share.
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