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<ul><li>In 1Q FY12/23, net sales rose 12.8%, and operating profit increased 20.3%; thus, MARUKA FURUSATO made good progress toward achieving 1H forecasts of 9.2% increase in net sales and 9.4% decline in operating profit.</li><li>As a large percentage of the company’s earnings comes from business orders, short-term earnings are unlikely to change much.</li><li>It appears, however, that the company is making greater than initially expected progress in reducing its order backlog as supply constraints, such as shortage of semiconductors, are eliminated.</li></ul>

In 1Q FY12/23, net sales rose 12.8%, and operating profit increased 20.3%; thus, MARUKA FURUSATO made good progress toward achieving 1H forecasts of 9.2% increase in net sales and 9.4% decline in operating profit.As a large percentage of the company’s earnings comes from business orders, short-term earnings are unlikely to change much.It appears, however, that the company is making greater than initially expected progress in reducing its order backlog as supply constraints, such as shortage of semiconductors, are eliminated.

MARUKA FURUSATO Corporation (7128 JP) - 1Q Follow-Up

Japan

MARUKA FURUSATO Corporation wholesales and distributes construction machinery equipment. The Company provides construction machinery equipment, construction materials, and more. MARUKA FURUSATO provides its services across worldwide.

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MARUKA FURUSATO (7128 JP)

MARUKA FURUSATO Corporation (7128 JP) - 1Q Follow-Up

Acquired exclusive domestic distribution rights for the subscriber version of ARUMCODE - One of few among broadly defined comps whose stock price...

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