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TECHNOFLEX raises first-half earnings forecast
TECHNOFLEX Corp <3449> announced after the close it has revised upward its consolidated earnings forecast for the first half ending June. The company raised its revenue forecast from 13.5 billion yen to 15.0 billion yen (up 19.4% YoY), operating profit from 1.7 billion yen to 2.9 billion yen (up 51.1% YoY), and net profit from 1.15 billion yen to 2.0 billion yen (up 50.8% YoY). TECHNOFLEX, a manufacturer of pipe fittings and vacuum equipment for industrial facilities and infrastructure, attributed the revision to expanding orders in clean energy and semiconductor-related markets, which drove profits significantly above initial projections.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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