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Diamond Electric Holdings Co., Ltd. ( (JP:6699) ) has provided an update.
Diamond Electric Holdings Co., Ltd. announced significant extraordinary losses in its non-consolidated financial results for the fiscal year ended March 31, 2025. The company recorded provisions for allowance for doubtful accounts due to insolvency issues at its subsidiaries in Japan and Indonesia, totaling JPY 2,264 million. Additionally, the company reported valuation losses on shares of its subsidiaries in Japan and Hungary, amounting to JPY 1,624 million. Despite these losses, the company stated that they will not impact its consolidated financial results.
More about Diamond Electric Holdings Co., Ltd.
Diamond Electric Holdings Co., Ltd. operates in the electrical manufacturing industry, focusing on producing and distributing electrical components and systems. The company is involved in various markets through its subsidiaries, including manufacturing operations in Indonesia and Hungary.
Average Trading Volume: 28,356
Technical Sentiment Signal: Hold
Current Market Cap: Yen4.94B
For detailed information about 6699 stock, go to TipRanks’ Stock Analysis page.
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