Hioki reports mixed first half results with profit decline

Hioki E.E. Corporation reported net sales of JPY 19,538 million for the six months ended June 30, up 4.7%, but operating profit declined 1.5% to JPY 3,293 million and net profit fell 12.3% to JPY 2,297 million.

The company forecasts full-year net sales of JPY 41,430 million, up 5.5%, but expects ordinary profit and net profit to decline 5.0% and 5.6% respectively.