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Central Glass Co., Ltd. ( (JP:4044) ) has shared an update.
Central Glass Co., Ltd. reported a decline in its consolidated financial results for the nine months ending December 31, 2024, with net sales and profits falling compared to the previous year. The company’s chemicals segment experienced mixed results, with increases in applied chemicals and electronic materials sales, but significant declines in energy materials due to decreased demand in the EV market. Meanwhile, its glass business saw a slight decrease in net sales due to weak construction demand and challenges in the automotive sector. The financial forecast for the full year ending March 31, 2025, anticipates further declines in sales and profits.
More about Central Glass Co., Ltd.
Central Glass Co., Ltd. operates in the glass and chemicals industry, offering a range of products such as architectural and automotive glass, and chemicals for various applications, including electronics and energy materials. The company focuses on serving markets with products like specialty gases for semiconductors and electrolytes for lithium-ion batteries.
YTD Price Performance: -4.07%
Average Trading Volume: 64,296
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen78.92B
Find detailed analytics on 4044 stock on TipRanks’ Stock Analysis page.
