Nichirin Posts Decrease to Sales, Profits for First Quarter of 2020

Rubber auto parts manufacturer Nichirin Co. Ltd. (TYO:5184) recently posted its business results for the first quarter of calendar 2020. The figures here highlight how sluggish demand and sales in the automotive sector – Nichirin’s largest customer industry – brought about a decline in both sales revenue and profit at the company. A large part of this stems from the…

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