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OXIDE Corp. ( (JP:6521) ) has provided an update.
OXIDE Corporation has revised its full-year consolidated earnings forecast, projecting a roughly 13.6% increase in revenue driven by strong standalone performance at OXIDE despite declining orders at its Israeli subsidiary Raicol Crystals. Robust demand in the Semiconductor business—particularly for deep ultraviolet lasers, single crystals, and next-generation laser development contracts—alongside increased shipments of Faraday rotators for data centers in its Frontier Tech segment, is expected to lift operating profit about 12.5% above the previous forecast and significantly boost ordinary profit, even as Raicol incurs an operating loss due to geopolitical and cost pressures. However, the company now expects a net loss for the year, reflecting the planned transfer of all Raicol shares and related loan receivables and other below-operating-line impacts, highlighting a strategic shift to refocus on OXIDE’s higher-growth, more profitable core businesses while exiting a loss-making overseas operation.
The most recent analyst rating on (JP:6521) stock is a Hold with a Yen1825.00 price target. To see the full list of analyst forecasts on OXIDE Corp. stock, see the JP:6521 Stock Forecast page.
More about OXIDE Corp.
OXIDE Corporation is a Japan-based manufacturer specializing in advanced optical technologies, with core strengths in semiconductor-related lasers and crystal products, as well as components for data centers and other frontier technology applications. Its key businesses include deep ultraviolet lasers, single crystal products for semiconductor manufacturing, and Faraday rotators used in data center infrastructure, positioning the company within high-growth, technology-intensive industrial markets.
Average Trading Volume: 155,122
Technical Sentiment Signal: Sell
Current Market Cap: Yen20.12B
For an in-depth examination of 6521 stock, go to TipRanks’ Overview page.