Sangetsu Corporation Hits Record Q1 Sales Amid Rising Costs

Sangetsu Corporation (JP:8130) has released an update.

Sangetsu Corporation announced record-high net sales in the first quarter of FY2024, driven by growth in its Domestic Interior Segment and its North America and China & Hong Kong businesses. However, the company’s profits decreased due to higher costs of sales and SG&A expenses. Sales in key products like wallpaper and flooring materials saw year-on-year growth, despite a weakening market and rising logistics and raw material prices.

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