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An announcement from OXIDE Corp. ( (JP:6521) ) is now available.
OXIDE Corporation announced significant non-operating expenses and extraordinary losses for the first three quarters of the fiscal year ending February 28, 2025. The company recorded JPY 55 million in foreign exchange losses and a JPY 2,715 million impairment loss related to its subsidiary, Raicol Crystals Ltd., due to challenges stemming from geopolitical conflicts and supply chain issues. OXIDE Corp. is adjusting its financial forecast to reflect these impacts while maintaining its strategic focus on future growth areas.
More about OXIDE Corp.
OXIDE Corporation operates in industries such as quantum science, aerospace and defense, and semiconductors. It focuses on expanding business domains and strengthening cross-selling opportunities through its subsidiaries, like Raicol Crystals Ltd.
YTD Price Performance: -1.74%
Average Trading Volume: 99,083
Technical Sentiment Consensus Rating: Buy
Current Market Cap: Yen17.12B
See more insights into 6521 stock on TipRanks’ Stock Analysis page.