Toyo Tanso Co., Ltd. (JP:5310) has released an update.
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Toyo Tanso Co., Ltd. reports a positive discrepancy between its earlier consolidated earnings forecasts and the actual results for the first half of the fiscal year 2024, with significant increases in operating profit, ordinary profit, and profit attributable to owners. The company credits the stronger than expected results to a weaker yen and high sales of premium products, along with foreign exchange gains and subsidy income. Despite these gains, the company maintains its full-year forecast, citing future economic uncertainties.
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