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Lintec ( (JP:7966) ) has issued an announcement.
Lintec Corporation announced an expected extraordinary loss of approximately 7.7 billion yen due to an impairment in its Fine & Specialty Paper Products Operations, attributed to a challenging business environment and rising costs. Despite this, the company revised its full-year financial forecasts, noting increases in net sales and operating income, although profit attributable to owners is projected to decline due to the impairment loss.
More about Lintec
Lintec Corporation operates in the paper and adhesive products industry, focusing on fine and specialty paper products. The company is primarily engaged in producing paper for envelopes and other specialty paper products, facing challenges due to fluctuating raw material prices and logistics costs.
YTD Price Performance: 2.42%
Average Trading Volume: 100
Technical Sentiment Signal: Strong Sell
Current Market Cap: $1.27B
For detailed information about 7966 stock, go to TipRanks’ Stock Analysis page.