ENEOS Holdings ( (JP:5020) ) just unveiled an update.
ENEOS Holdings has finalized the sale of a portion of its shares in JX Advanced Metals Corporation, reducing its ownership from 100% to 42.4%. This transaction is expected to generate a profit of approximately 175 billion yen for ENEOS Holdings and will result in JXAM being reclassified as an equity-method affiliate, impacting the company’s financial forecast for the fiscal year ending March 2025.
More about ENEOS Holdings
ENEOS Holdings, Inc. operates in the energy sector, focusing on petroleum, oil, and metal products. It is a prominent player in the Japanese market, with a significant presence in the Tokyo Stock Exchange.
YTD Price Performance: 10.98%
Average Trading Volume: 900
Technical Sentiment Signal: Sell
Current Market Cap: $16.86B
See more data about 5020 stock on TipRanks’ Stock Analysis page.