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Nippon Sanso sees core income rise despite US hydrogen write-down

Global industrial gases major Nippon Sanso Holdings (NSHD) grew consolidated revenue by 4.2% year-on-year to $8.86bn in its fiscal year 2025, with pricing and efficiency gains offsetting flat volumes. Results were partly weighed down by a one-off $173m impairment tied to a cancelled US hydrogen project.

Global industrial gases major Nippon Sanso Holdings (NSHD) grew consolidated revenue by 4.2% year-on-year to $8.86bn in its fiscal year…

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Nippon Sanso sees core income rise despite US hydrogen write-down
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