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Makuake, Inc. Faces Financial Forecast Downgrade

Makuake, Inc. Faces Financial Forecast Downgrade

Makuake, Inc. (JP:4479) has released an update.

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Makuake, Inc. has reported an extraordinary loss of JPY 78 million due to a significant decline in the value of some of its investment securities, leading to a downward revision of its full-year financial forecasts. The company now expects decreased net sales, increased operating losses, and a higher-than-anticipated ordinary loss due to factors such as high raw material prices, inflation, and project delays. These revisions come despite efforts to enhance user experience and encourage repeat use of the Makuake service.

For further insights into JP:4479 stock, check out TipRanks’ Stock Analysis page.

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