Nippo Ltd. (JP:9913) has released an update.
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Nippo Ltd. reports a slight increase in net sales by 6.8% for the three months ending June 30, 2024, but faces a notable decline in operating profit, ordinary profit, and profit attributable to owners by 29.3%, 15.5%, and 15.2% respectively, compared to the same period last year. The company’s total assets have grown to ¥31,263 million as of June 30, 2024, with a capital adequacy ratio of 47.3%. No dividends were paid in the first quarter, but an annual forecast of ¥76 per share is projected.
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