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Daiken Medical 1Q Parent Net Y289.00M Vs Net Y244.00M
Daiken Fiscal Q1 Net Sales Rise to 2.6 Billion Yen, Net Profit Declines; Shares Fall 4%
Daiken: Quarterly Report - 77th Quarter 1 (2024/03/01 to 2024/05/31)
Yaskawa Electric's operating profit for the first quarter decreased by 32.4%, or 11.1 billion yen.
In the first quarter of the fiscal year ending February 2025 announced by Yasukawa Den <6506>, sales revenue was 132.408 billion yen, a 7.1% decrease compared to the same period of the previous year, and operating profit was 11.118 billion yen, a 32.4% decrease. Unlike the previous year, which was supported by high levels of backlog, there was a decrease in revenue centered on motion control. In the AC servo motor-controller business, there was a long-term inventory adjustment in the semiconductor and electronic component markets, as well as a decline in demand for solar panel-related products seen in the same period of the previous year.
Daiken Co. Faces Profit Decline Despite Sales Growth
Daiken: Short message on the financial results for the first quarter of the February 2025 fiscal year (non-consolidated) based on Japanese standards.
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