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KOHOKU KOGYO CO. LTD. ( (JP:6524) ) has shared an update.
KOHOKU KOGYO CO., LTD. has announced an extraordinary impairment loss of 310 million yen due to a review of its development schedule and capital investment plan for its subsidiary, EpiPhotonics CO., LTD. The company has also revised its second-quarter earnings forecast downward, citing a challenging business environment, including prolonged adjustments in the European automobile market and unexpected temporary order adjustments. These factors, along with foreign exchange losses and recorded impairment losses, have led to a significant decrease in expected sales and profits for the period.
The most recent analyst rating on (JP:6524) stock is a Buy with a Yen2500.00 price target. To see the full list of analyst forecasts on KOHOKU KOGYO CO. LTD. stock, see the JP:6524 Stock Forecast page.
More about KOHOKU KOGYO CO. LTD.
Average Trading Volume: 256,277
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen66.55B
See more data about 6524 stock on TipRanks’ Stock Analysis page.