Cosel Co., Ltd. (JP:6905) has released an update.
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Cosel Co., Ltd. reported a decline in both sales and profits for the first half of FY2024, largely due to sluggish demand in semiconductor manufacturing and factory automation sectors, exacerbated by the economic slowdown in China. Although the company anticipates a recovery in semiconductor-related orders by the fourth quarter, overall sales are expected to remain weak. The company is also engaged in a business and capital alliance with LITEON to drive future growth.
For further insights into JP:6905 stock, check out TipRanks’ Stock Analysis page.
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