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Nippon Coke & Engineering Reports Significant Financial Decline Due to Operational Issues

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Nippon Coke & Engineering Reports Significant Financial Decline Due to Operational Issues

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An announcement from Nippon Coke & Engineering Company, Limited ( (JP:3315) ) is now available.

Nippon Coke & Engineering Co., Ltd reported significant declines in its non-consolidated financial results for the fiscal year 2024 compared to 2023, with net sales dropping by 28.9% and substantial losses in operating and ordinary profits. The downturn was attributed to operational issues, including troubles with old Coke Oven Batteries and a fire accident in December 2024, which affected production volumes and, consequently, sales and profits.

More about Nippon Coke & Engineering Company, Limited

Nippon Coke & Engineering Co., Ltd operates in the coke industry, focusing on the production and engineering of coke-related products.

Average Trading Volume: 2,130,871

Technical Sentiment Signal: Sell

Current Market Cap: Yen24.74B

See more data about 3315 stock on TipRanks’ Stock Analysis page.

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