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Okura Industrial surges in afternoon session as January-March operating profit rises 34% on strong optical film sales for large LCD TVs
Okura Industrial Co.,Ltd. <4221> shares jumped in the afternoon session after the company reported strong consolidated results for the first quarter ending March. Released around 12:30 p.m., sales rose 10.8% year-on-year to 24.03 billion yen, while operating profit climbed 33.8% to 2.25 billion yen, drawing buyers as investors cheered the performance. The results were bolstered by the consolidation of Fujico, a synthetic resin maker, and robust demand for optical films used in large LCD TVs. The operating profit progress rate against the full-year forecast of 6.5 billion yen reached approximately 35%.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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