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Nippon Coke & Engineering Revises Financial and Dividend Forecasts Amidst Market Challenges

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Nippon Coke & Engineering Revises Financial and Dividend Forecasts Amidst Market Challenges

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

Nippon Coke & Engineering Co., Ltd has revised its full-year consolidated financial forecasts for the fiscal year ending March 31, 2025, due to recent operating trends. The revised forecast indicates a significant downturn with expected losses in net sales, operating profit, ordinary profit, and profit attributable to owners of the parent. Additionally, the company has decided not to pay dividends for the current fiscal year, citing a reduction in shareholders’ equity and the current financial results forecast as reasons. This decision highlights the company’s focus on stabilizing its financial condition amidst challenging market conditions.

More about Nippon Coke & Engineering Company, Limited

Nippon Coke & Engineering Co., Ltd operates in the engineering and manufacturing sector, focusing on coke production and related engineering services. The company is listed on the TSE Prime Market under the securities code 3315.

YTD Price Performance: -0.88%

Average Trading Volume: 1,500

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €167.4M

See more insights into 3315 stock on TipRanks’ Stock Analysis page.

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