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An announcement from euglena Co., Ltd. ( (JP:2931) ) is now available.
Euglena Co., Ltd. reported an eightfold increase in operating profit year-over-year, driven by revenue growth from major subsidiaries and improved profit structures. The company has revised its full-year forecast upward, aiming for JPY50 billion in sales and JPY6.2 billion in adjusted EBITDA. It has also completed a 15% investment in a joint venture for a biorefinery in Malaysia and is focusing on expanding microalgae production as part of its ‘NEW Biomass 5Fs’ strategy.
More about euglena Co., Ltd.
Euglena Co., Ltd. operates within the biotechnology industry, focusing on the cultivation and commercialization of microalgae. The company is listed on the Prime Market of the Tokyo Stock Exchange and is expanding its product line to include fertilizers and feed under the brand ‘Euglena for Living Things’.
Average Trading Volume: 1,051,555
Technical Sentiment Signal: Sell
Current Market Cap: Yen66.51B
Learn more about 2931 stock on TipRanks’ Stock Analysis page.