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Nichiha Corporation ( (JP:7943) ) just unveiled an announcement.
Nichiha Corporation announced a discrepancy between its forecasted and actual consolidated earnings for the fiscal year ending March 31, 2025. While net sales, operating profit, and ordinary profit were close to expectations, profit attributable to owners of the parent fell significantly short due to a tax investigation by the Nagoya Regional Taxation Bureau concerning transfer pricing with its U.S. subsidiary. This resulted in an anticipated reassessment amount of ¥2,051 million recorded as income taxes for prior periods. Nichiha plans to appeal this assessment and address potential international double taxation issues under the Japan-U.S. Tax Treaty.
More about Nichiha Corporation
Nichiha Corporation operates in the building materials industry, primarily focusing on the production and distribution of fiber cement siding products. The company is listed on the Tokyo Stock Exchange Prime and NSE Premier markets.
Average Trading Volume: 48,215
Technical Sentiment Signal: Hold
Current Market Cap: Yen108B
For a thorough assessment of 7943 stock, go to TipRanks’ Stock Analysis page.