Tokyo Zairyo Posts FY2023 Results, Ordinary Income Down 3%

Tokyo Zairyo’s business results for the fiscal year ended March 31, 2024, showed sales of 51.85 billion yen ($322.24 million), down 4.1% from the previous year; ordinary income of 2.49 billion yen, down 3.2%; and net income of 1.80 billion yen, down 5.4%. In an environment of global recession concerns, geopolitical risks, and a shift to electrification in the automotive…

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