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Diamond Electric Holdings Co., Ltd. ( (JP:6699) ) has shared an update.
Diamond Electric Holdings Co., Ltd. announced a discrepancy between its forecasted and actual consolidated results for the second quarter of FY2026/3, leading to a revision of its annual profit forecast. The company experienced higher-than-expected sales in its Mobility Equipment business due to increased production of internal combustion engine vehicles, while its Energy Solutions business faced challenges from overseas competition. Despite lower net sales, the company expects operating profit to remain stable and has revised its earnings forecast upward due to favorable foreign exchange impacts and tax expense reviews.
The most recent analyst rating on (JP:6699) stock is a Hold with a Yen585.00 price target. To see the full list of analyst forecasts on Diamond Electric Holdings Co., Ltd. stock, see the JP:6699 Stock Forecast page.
More about Diamond Electric Holdings Co., Ltd.
Diamond Electric Holdings Co., Ltd. operates in the mobility equipment and energy solutions industries, focusing on the production of internal combustion engine vehicles and energy solutions. The company is primarily active in markets such as China and the U.S., where it faces competition from overseas manufacturers.
Average Trading Volume: 19,100
Technical Sentiment Signal: Sell
Current Market Cap: Yen4.69B
See more data about 6699 stock on TipRanks’ Stock Analysis page.