Japan: Almedio recorded sales of US$13.6m in the first quarter of the 2025 financial year, which began on 1 April 2024. This corresponds to year-on-year growth of 56% from first-quarter levels in the 2024 financial year. The period under review brought increased domestic sales volumes of insulation materials. Almedio’s profit before tax more than tripled, to US$4m, Nikkei Asia News has reported. Nonetheless, the producer now expects to record a decline in sales of 38% and in pre-tax profit of 66% year-on-year in the full 2025 financial year.
