Ryoden (JP:8084) has released an update.
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Ryoden Corporation reported a notable decline in its financial performance for the six months ending September 30, 2024, with net sales falling by 15.6% and operating profit dropping by 42.5% compared to the previous year. Despite these challenges, the company has maintained a stable equity ratio and plans to uphold its annual dividend payout. Investors will be closely watching Ryoden’s efforts to navigate the current economic climate and its revised forecast for the fiscal year ending March 2025.
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