freee K.K. (JP:4478) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
freee K.K. reported a significant valuation loss of 951 million yen on shares of its subsidiaries and associates in its non-consolidated financial statements for the fiscal year ended June 30, 2024, due to net losses recorded by these entities. Despite these losses, the impact on the consolidated financial results is nullified as they are eliminated in the consolidation process. Additionally, the company recognized an impairment loss of 31 million yen on non-current assets for the quarter ended June 30, 2024, as part of its mid to long-term growth strategy.
For further insights into JP:4478 stock, check out TipRanks’ Stock Analysis page.