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Nippon Sanso Holdings Revises Earnings Forecast Amid Impairment Loss

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Nippon Sanso Holdings Revises Earnings Forecast Amid Impairment Loss

Nippon Sanso Holdings Corporation ( (JP:4091) ) has shared an announcement.

Nippon Sanso Holdings Corporation has announced an impairment loss due to the cancellation of a hydrogen production plant in the U.S., resulting in a reduction of the book value to the recoverable amount. This decision has led to a revision of their consolidated earnings forecasts for the fiscal year ending March 31, 2025, with a decrease in expected net income and operating income, although revenue remains unchanged due to offsetting factors such as price management and foreign exchange impacts.

More about Nippon Sanso Holdings Corporation

YTD Price Performance: 7.48%

Average Trading Volume: 607,581

Technical Sentiment Signal: Strong Sell

Current Market Cap: Yen2057.7B

Learn more about 4091 stock on TipRanks’ Stock Analysis page.

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