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Kubell Co., Ltd. Reports FY 2024 Earnings Discrepancies and Restructuring Plans

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  • Kubell Co., Ltd. exceeded profit forecasts due to increased Chatwork IDs and lower expenses.
  • Extraordinary losses and restructuring affected Kubell’s profit attributable to owners.
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Kubell Co., Ltd. Reports FY 2024 Earnings Discrepancies and Restructuring Plans

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An announcement from Chatwork Co.Ltd. ( (JP:4448) ) is now available.

Kubell Co., Ltd. reported differences between its FY 2024 earnings forecast and actual results, with higher operating and ordinary profits due to increased Chatwork ID subscriptions and lower expenses. However, the company recorded an extraordinary loss due to impairment on goodwill and fixed assets, and valuation losses on investment securities and shares, impacting profit attributable to owners of the parent. The company is restructuring to expand its BPaaS business, with a merger between subsidiaries to enhance operational efficiency.

More about Chatwork Co.Ltd.

Kubell Co., Ltd. is a company listed on the Tokyo Stock Exchange, operating in the technology sector. It focuses on providing business process solutions, including a business chat platform called Chatwork, and is advancing into the Business Process as a Service (BPaaS) market.

YTD Price Performance: -2.18%

Average Trading Volume: 419,635

Technical Sentiment Consensus Rating: Sell

Current Market Cap: Yen26.18B

For detailed information about 4448 stock, go to TipRanks’ Stock Analysis page.

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