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The latest update is out from Daido Metal Co., Ltd. ( (JP:7245) ).
Daido Metal Co., Ltd. announced an extraordinary loss of 1,788 million yen due to provision for doubtful accounts related to its subsidiary, DM Casting Technology (Thailand) Co., Ltd. Despite the subsidiary’s improving performance, the loss was recorded after assessing future recoverability. This loss, however, does not affect the company’s consolidated financial results as it is eliminated in the consolidated accounts.
More about Daido Metal Co., Ltd.
Daido Metal Co., Ltd. operates in the manufacturing industry, focusing on producing metal products. The company is listed on the Prime Market of the Tokyo Stock Exchange and the Premier Market of the Nagoya Stock Exchange.
Average Trading Volume: 125,008
Technical Sentiment Signal: Hold
Current Market Cap: Yen23.79B
For a thorough assessment of 7245 stock, go to TipRanks’ Stock Analysis page.