Futaba (JP:6986) has released an update.
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Futaba Corporation reported a noticeable decline in financial performance for the first half of 2024, with net sales dropping by 15.5% to 24,568 million yen and a net loss of 1,273 million yen. Despite a challenging period marked by negative operating and ordinary profits, the company maintains a strong equity ratio of 75.6%, signaling a stable financial position. Looking ahead, Futaba forecasts a continued decrease in net sales for the full year ending March 2025.
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