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Dai Nippon Toryo Company, Limited ( (JP:4611) ) has issued an update.
Dai Nippon Toryo Co., Ltd. has recorded extraordinary income due to a gain on negative goodwill following its acquisition of a majority stake in SHINTO PAINT CO., LTD., leading to a revision of its financial forecasts for the fiscal year ended March 31, 2025. Despite a decline in net sales and operating profit due to reduced demand in domestic and overseas markets, the company expects an increase in ordinary profit and profit attributable to owners due to foreign exchange gains and the recorded negative goodwill.
More about Dai Nippon Toryo Company, Limited
Dai Nippon Toryo Co., Ltd. operates in the coatings industry, specializing in the production of paints and coatings for various applications. The company focuses on both domestic and international markets, particularly in the automotive sector.
Average Trading Volume: 63,623
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen35.61B
For an in-depth examination of 4611 stock, go to TipRanks’ Stock Analysis page.
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