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Iwatani Corporation ( (JP:8088) ) has issued an announcement.
Iwatani Corporation reported a decline in its FY2024 financial results compared to its forecasts, primarily due to weak sales in rechargeable battery materials and a decline in helium market profitability, particularly in China. Additionally, the company’s ordinary and net profits were impacted by a decrease in equity method profits from Cosmo Energy Holdings and a loss from withdrawing a green hydrogen project in Australia.
The most recent analyst rating on (JP:8088) stock is a Hold with a Yen2130.00 price target. To see the full list of analyst forecasts on Iwatani Corporation stock, see the JP:8088 Stock Forecast page.
More about Iwatani Corporation
Iwatani Corporation operates in the industrial gas and energy sector, providing products such as air-separated gases and materials for rechargeable batteries, with a focus on next-generation automotive applications.
Average Trading Volume: 931,828
Technical Sentiment Signal: Sell
Current Market Cap: Yen339.9B
Find detailed analytics on 8088 stock on TipRanks’ Stock Analysis page.