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An announcement from Kurita Water Industries ( (JP:6370) ) is now available.
Kurita Water Industries Ltd. has announced a revision of its business forecast for the fiscal year ending March 31, 2025, due to significant impairment losses from its subsidiaries, Pentagon Technologies Group, Inc. and Kurita Fracta Holdings, Inc. The impairment losses are attributed to underperformance in revenue targets, largely due to low capacity utilization and delays in plant construction for Pentagon, and challenges in establishing a business structure for Fracta. Consequently, Kurita has revised its profit forecasts downward, impacting its operating and net profits. Despite these setbacks, the dividend forecast remains unchanged.
More about Kurita Water Industries
Kurita Water Industries Ltd. operates in the water treatment industry, providing solutions such as water treatment chemicals and precision tool cleaning services. The company focuses on enhancing its market presence in various segments, including semiconductor and software development for water infrastructure.
YTD Price Performance: -4.44%
Average Trading Volume: 644
Technical Sentiment Signal: Buy
Current Market Cap: $3.7B
Learn more about 6370 stock on TipRanks’ Stock Analysis page.
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