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Daio Paper Reports Significant Losses Due to Overseas Impairments

Story Highlights
  • Daio Paper recorded extraordinary losses due to impairments in its foreign subsidiaries.
  • The company’s restructuring efforts included asset sales and tax asset recognition, yet resulted in a net loss.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Daio Paper Reports Significant Losses Due to Overseas Impairments

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Daio Paper Corporation ( (JP:3880) ) has issued an announcement.

Daio Paper Corporation announced significant extraordinary losses in its non-consolidated financial results for the fiscal year ending March 31, 2025, due to impairments in its foreign subsidiaries. The company recorded a loss on valuation of investments in its Chinese subsidiary, Elleair International China, and a reduction in the book value of shares in its Turkish subsidiary, Elleair International Turkey. These financial adjustments were part of a broader restructuring effort, which also included the sale of non-core assets and recognition of deferred tax assets. Despite these efforts, the company reported a substantial net loss, primarily due to underperformance in overseas markets, which could not be offset by domestic gains.

The most recent analyst rating on (JP:3880) stock is a Hold with a Yen900.00 price target. To see the full list of analyst forecasts on Daio Paper Corporation stock, see the JP:3880 Stock Forecast page.

More about Daio Paper Corporation

Daio Paper Corporation operates in the paper industry, focusing on the production and distribution of paper products. The company is listed on the Prime Market of the Tokyo Stock Exchange and is involved in both domestic and international markets.

Average Trading Volume: 343,817

Technical Sentiment Signal: Sell

Current Market Cap: Yen146.3B

For detailed information about 3880 stock, go to TipRanks’ Stock Analysis page.

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