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Central Glass Co., Ltd. ( (JP:4044) ) just unveiled an announcement.
Central Glass Co., Ltd. has revised its financial forecasts for FY2024, noting expected declines in net sales, operating profit, and ordinary profit due to reduced demand for lithium-ion battery electrolytes and weak sales in medical products. The company also anticipates an impairment loss from its European subsidiary’s manufacturing facilities. Despite these setbacks, the dividend forecast remains unchanged, reflecting the company’s strategic approach to maintaining shareholder value amidst market challenges.
More about Central Glass Co., Ltd.
Central Glass Co., Ltd. operates in the chemical and glass industry, providing a variety of chemical products including electrolytes for lithium-ion batteries and glass products like architectural and automotive glass. The company has a significant focus on electronic materials and energy materials, although it also caters to the fertilizers and medi-chemical sectors.
YTD Price Performance: -4.07%
Average Trading Volume: 64,296
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen78.92B
See more insights into 4044 stock on TipRanks’ Stock Analysis page.
