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Adastria Co.,Ltd. ( (JP:2685) ) just unveiled an update.
Adastria Co., Ltd. announced a significant incident involving the misappropriation of funds by a former employee of its consolidated subsidiary, zetton, inc. The employee, who was responsible for the finance and accounting division, misappropriated approximately ¥170 million over several years. The company has taken steps to address the issue, including dismissing the employee, initiating legal proceedings, and implementing measures to prevent future occurrences. Despite the severity of the incident, it has not materially impacted the company’s financial statements or its earnings forecast for the current fiscal year.
The most recent analyst rating on (JP:2685) stock is a Buy with a Yen3296.00 price target. To see the full list of analyst forecasts on Adastria Co.,Ltd. stock, see the JP:2685 Stock Forecast page.
More about Adastria Co.,Ltd.
Average Trading Volume: 202,150
Technical Sentiment Signal: Buy
Current Market Cap: Yen143.4B
See more insights into 2685 stock on TipRanks’ Stock Analysis page.