An update from ENEOS Holdings ( (JP:5020) ) is now available.
ENEOS Holdings has revised its forecast for the fiscal year 2024, reflecting a significant decrease in expected revenue and profit due to lower crude oil prices, reclassification of its Metals business as discontinued operations, and anticipated impairment losses from past business integration. The company expects a substantial impact on its financial results, with operating profit projected to decrease by 395 billion yen and profit attributable to owners by 110 billion yen, highlighting challenges in maintaining profitability amidst changing market conditions.
More about ENEOS Holdings
ENEOS Holdings, Inc. operates in the energy sector, primarily focusing on petroleum products, metals, and other energy-related services. The company is a significant player in the Japanese market, with operations spanning various segments of the energy industry.
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.