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Ahresty Corporation ( (JP:5852) ) has shared an update.
Ahresty Corporation announced an expected recording of extraordinary losses due to impairment losses at its U.S. subsidiary, Ahresty Wilmington Corporation, driven by high personnel turnover and rising costs. Despite these challenges, the company aims to improve profitability at its U.S. plant through enhanced support from Japan and optimization of its product portfolio. The company has revised its consolidated full-year results forecast, with net sales and operating profit slightly increasing, but profit attributable to owners of the parent expected to fall due to the impairment loss. The year-end dividend projection remains unchanged.
More about Ahresty Corporation
Ahresty Corporation operates in the manufacturing industry, primarily focusing on die casting products. The company is listed on the Prime Market of the Tokyo Stock Exchange and is involved in producing components for various sectors, with a significant presence in Japan, Asia, and North America.
YTD Price Performance: 1.78%
Average Trading Volume: 173,221
Technical Sentiment Signal: Buy
Current Market Cap: Yen15.18B
For an in-depth examination of 5852 stock, go to TipRanks’ Stock Analysis page.