Azbil Corporation Projects Higher Net Income After Subsidiary Sale

Azbil Corporation (JP:6845) has released an update.

Azbil Corporation has announced an expected extraordinary income for the fiscal year ending March 31, 2025, due to the sale of its subsidiary Azbil Telstar, leading to a revised forecast of its financial results. The company now anticipates a higher net income attributable to owners, increasing by 9 billion yen to 37 billion yen, while maintaining its previous net sales forecast. This revision reflects the impact of Azbil Telstar’s exclusion from consolidation and ongoing profitability improvement initiatives.

For further insights into JP:6845 stock, check out TipRanks’ Stock Analysis page.