Sawai started off its 2022 financial year on somewhat shaky ground, as its fiscal first quarter saw the firm experience a year-on-year drop in revenue of 4.5% to ¥48.23bn ($351.1m), alongside a 43% decrease in operating profit to ¥4.82bn and a 30% decrease of core operating income to ¥6.14bn. Full-year financial guidance was left intact however, and the firm views its company-wide progress as solid and expects contributions from new products and an end to shipment limitations to put it on the path to recovery in Q2.
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