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An update from Okamoto Industries, Inc. ( (JP:5122) ) is now available.
Okamoto Industries, Inc. reported a temporary decrease in condom shipments due to inventory adjustments by some customers. The company is navigating a challenging glove market post-COVID-19, with a focus on semiconductor factory sales. Additionally, Okamoto is dealing with a significant surge in antimony prices due to China’s rare earth regulations, impacting raw material costs. The company is negotiating price adjustments and exploring alternatives to antimony to mitigate these challenges.
The most recent analyst rating on (JP:5122) stock is a Buy with a Yen5602.00 price target. To see the full list of analyst forecasts on Okamoto Industries, Inc. stock, see the JP:5122 Stock Forecast page.
More about Okamoto Industries, Inc.
Okamoto Industries, Inc. operates in the manufacturing industry, primarily producing condoms and gloves. The company is focused on addressing diverse market needs, particularly in segments such as semiconductor factories where demand remains strong.
Average Trading Volume: 12,713
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen93.76B
See more insights into 5122 stock on TipRanks’ Stock Analysis page.