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Nippon Seisen Records Strong Quarterly Growth
After the buying spree, we will focus on individual responses based on the settlement.
[Stock Opening Comment] On the 29th, the Japanese stock market is expected to have a buying-dominant market development following a high trend in the US stocks. On the 26th of the US market, NY Dow surged 654 dollars and Nasdaq went up 176 points. A better-than-expected performance of 3M's financial estimates as well as PCE price index staying within expectations and confirming a trend in inflation stagnation, have led to a strong buying spree due to expectation of interest rate cuts later this year. The Chicago Nikkei 225 futures clearing price was 38235 yen, an increase of 545 yen compared to Osaka. The exchange rate was 1 yen.
Shin-Etsu Chemical's 1Q operating profit increased by 0.1% to 191 billion yen.
The performance report for the first quarter of fiscal year 2025 announced by Shin-Etsu Chemical <4063> showed that revenue decreased by 0.2% compared to the same period last year to 597.93 billion yen, while operating profit increased by 0.1% to 191.023 billion yen. Operating profit and ordinary profit were almost the same as the same period last year. Automobile input devices continued to perform well against the background of the recovery of the automotive industry, and sales also expanded in the silicone roller for office equipment due to increased orders for new products. In FY2025, revenue increased by 3.5% compared to the previous year.
Nippon Seisen: Short message announcing the financial results for the first quarter of the fiscal period ending in March 2025 [Japanese standard] (consolidated).
Nippon Seisen Co 1Q Net Y827.00M Vs Net Y692.00M
Nippon Seisen Co Sees 1H Net Y1.40B
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