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Net sales soar, while profits fall for HITO Communications

HITO Communications has released its first quarter results, showing net sales were up over 100% at ¥17,798m.

However, profits attributable to the parent company were down 13.1% at ¥414m. For its next fiscal year ending 31st August 2018, HITO is forecasting net sales of ¥63,700 with net income of ¥1,746m for the year.

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