In today’s briefing:
- Mani (7730 JP): Guidance Reiterated; Dental Loosing Shine And Dented Margins Remain Concerns
Mani (7730 JP): Guidance Reiterated; Dental Loosing Shine And Dented Margins Remain Concerns
- Mani Inc (7730 JP) H1FY25 revenue rose 6.5% YoY, mainly driven by surgical segment, eyeless needles segment, while margins remained under pressure.
- Despite the underperformance of dental segment, management reiterated FY25 guidance. Expecting Yen appreciation against the USD, the company expects just mid-single-digit sales and operating income growth for FY25.
- Mani shares plunged 5% since it published its H1 results. Investors should avoid Mani due to its uncertain revenue outlook and deteriorating profitability in short-term.
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