OSG (JP:6136) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
OSG Corporation has maintained its net sales forecast but lowered its profit projections for the fiscal year ending November 2024, citing increased expenses due to inflation and a prolonged impact from an automobile certification fraud issue on its production and shipments. While consolidated net income is expected to decrease, non-consolidated ordinary income and net income are projected to exceed previous expectations due to higher dividend income from subsidiaries. The year-end dividend forecast remains at 32 yen per share.
For further insights into JP:6136 stock, check out TipRanks’ Stock Analysis page.