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An update from Chori Co., Ltd. ( (JP:8014) ) is now available.
Chori Co., Ltd. has resolved to dissolve its consolidated subsidiary Tohcho Co., Limited and forgive loans of about US$41.38 million after prolonged efforts to recover receivables from a group of Chinese chemical manufacturers led to substantial non-performing loans and a suspension of Tohcho’s operations. The liquidation is expected to be completed in fiscal 2026, and because allowances for doubtful accounts were previously booked on these loans, the debt forgiveness will make those amounts tax-deductible and is projected to reduce Chori’s corporate taxes by ¥21.78 billion in the year ending March 31, 2026, an impact already reflected in its current earnings forecast.
The most recent analyst rating on (JP:8014) stock is a Buy with a Yen5153.00 price target. To see the full list of analyst forecasts on Chori Co., Ltd. stock, see the JP:8014 Stock Forecast page.
More about Chori Co., Ltd.
Chori Co., Ltd. is a Japan-based trading company listed on the Tokyo Stock Exchange Prime Market, active in chemicals and related businesses through domestic and overseas subsidiaries. Its consolidated subsidiary Tohcho Co., Limited has specialized in the import, processing and sale of purified phosphoric acid and phosphate compounds, primarily serving industrial customers in the chemical sector.
Average Trading Volume: 23,566
Technical Sentiment Signal: Buy
Current Market Cap: Yen111.4B
For detailed information about 8014 stock, go to TipRanks’ Stock Analysis page.