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Nippon Concrete Industries Co., Ltd. ( (JP:5269) ) just unveiled an update.
Nippon Concrete Industries Co., Ltd. announced an extraordinary impairment loss of 700 million yen for the fiscal year ending March 31, 2025, due to insufficient recovery in the profitability of its Civil Engineering Product Business segment. This loss, along with reduced production from subsidiaries due to project delays, led to a significant variance from the company’s financial forecasts, resulting in a net loss. Despite this, the company will distribute a year-end dividend, considering the temporary nature of some losses and future business prospects.
More about Nippon Concrete Industries Co., Ltd.
Nippon Concrete Industries Co., Ltd. operates in the construction materials industry, focusing primarily on civil engineering products. The company is listed on the Tokyo Stock Exchange Prime Market and is led by Representative Director and President Tsukamoto Hiroshi.
Average Trading Volume: 139,557
Technical Sentiment Signal: Hold
Current Market Cap: Yen18.85B
For a thorough assessment of 5269 stock, go to TipRanks’ Stock Analysis page.