Denka Books ¥14.2 Billion Extraordinary Loss on U.S. Elastomer Business Liquidation

An announcement from Denka Co ( (JP:4061) ) is now available.

Denka Company Limited will book an extraordinary loss of ¥14.2 billion for the first nine months of the fiscal year ending March 2026, stemming from the liquidation of business at its U.S. subsidiary Denka Performance Elastomer LLC, which has decided not to restart production at its chloroprene rubber facilities for an indefinite period. The loss, largely related to write-downs of raw materials, intermediate goods and associated labor and removal costs, is expected to be offset by extraordinary gains from asset sales and other factors, and is already incorporated into Denka’s full-year consolidated earnings forecast, limiting the immediate impact on its overall financial outlook.

The most recent analyst rating on (JP:4061) stock is a Hold with a Yen3257.00 price target. To see the full list of analyst forecasts on Denka Co stock, see the JP:4061 Stock Forecast page.

More about Denka Co

Denka Company Limited is a Japan-based chemical manufacturer listed on the Tokyo Stock Exchange Prime Market, producing a range of industrial and performance materials through domestic and overseas subsidiaries, including specialized rubber products for global customers.

Average Trading Volume: 721,908

Technical Sentiment Signal: Buy

Current Market Cap: Yen270.7B

See more data about 4061 stock on TipRanks’ Stock Analysis page.