Mitsui High-tec Raises Full-Year Profit Guidance 45% on Motor-Core Demand and a Weaker Yen
The precision-parts maker now expects ¥14.5bn in full-year net profit, up 45% from its June guidance, on hybrid-vehicle motor-core and leadframe demand and a weaker yen, though it warns the second half will fall short of the first on cost pressure tied to Middle East tensions.