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The latest announcement is out from Denka Co ( (JP:4061) ).
Denka Co., Ltd has announced an extraordinary loss of approximately 16.1 billion yen for the fiscal year ended March 31, 2025, due to an impairment loss at its subsidiary, Denka Performance Elastomer LLC (DPE). The company has indefinitely suspended production at DPE’s chloroprene rubber manufacturing facilities, citing rising costs, staffing challenges, and the impact of the global economic environment on the chloroprene rubber market. This decision reflects the operational and financial pressures faced by Denka, as it navigates supply chain disruptions, increased energy costs, and regulatory challenges related to pollution control.
The most recent analyst rating on (JP:4061) stock is a Buy with a Yen3040.00 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 Co., Ltd operates in the chemical industry, focusing on the production of synthetic rubber, including chloroprene rubber. The company is involved in various chemical products and materials, serving a global market with a focus on innovation and sustainability.
Average Trading Volume: 387,101
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen165.9B
See more insights into 4061 stock on TipRanks’ Stock Analysis page.