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Kansai Paint Co ( (JP:4613) ) has shared an update.
Kansai Paint Co., Ltd. has revised its financial forecast for the fiscal year ending March 31, 2025, citing a shortfall in net sales due to changes in the market environment and reduced demand in key regions. Despite cost-cutting efforts, operating and ordinary income are also expected to be lower than initially forecasted, influenced by increased fixed costs and hyperinflation accounting in Turkey.
More about Kansai Paint Co
Kansai Paint Co., Ltd. operates in the paint and coatings industry, specializing in producing a wide range of paint products. The company is listed on the Tokyo Stock Exchange Prime Market and has a significant market presence, focusing on various regions including India, Europe, and Asia.
YTD Price Performance: -6.36%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.4B
For detailed information about 4613 stock, go to TipRanks’ Stock Analysis page.