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Daiki Aluminium Industry Co., Ltd. ( (JP:5702) ) has issued an update.
Daiki Aluminium Industry Co., Ltd. has revised its financial forecasts for the fiscal year ending March 31, 2025, due to an impairment loss on fixed assets in its Indian subsidiary and a loss on valuation of shares of subsidiaries. The revised forecast indicates a slight increase in net sales but a significant decrease in profit attributable to owners of the parent, reflecting the impact of these extraordinary losses on the company’s financial performance.
More about Daiki Aluminium Industry Co., Ltd.
Daiki Aluminium Industry Co., Ltd. operates in the aluminum industry, focusing on the production and distribution of aluminum products. The company is involved in both domestic and international markets, with a particular emphasis on expanding its operations in India.
YTD Price Performance: -6.30%
Average Trading Volume: 165
Technical Sentiment Signal: Buy
Current Market Cap: €236.6M
For an in-depth examination of 5702 stock, go to TipRanks’ Stock Analysis page.