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OXIDE Corp. ( (JP:6521) ) just unveiled an update.
OXIDE Corporation has decided to transfer all shares and loan receivables of its Israeli consolidated subsidiary Raicol Crystals Ltd., removing it from the scope of consolidation and recognizing an extraordinary loss. Raicol, acquired in 2023 to expand OXIDE’s product portfolio and European sales network, has seen a sharp business deterioration following the outbreak of the Israel conflict, with employee mobilization, boycotts of Israeli products in markets such as Turkey and parts of Europe, and a resulting collapse in orders across key applications; despite cost-cutting measures, Raicol is now expected to post a significant operating loss, prompting OXIDE to exit the business to limit further financial and operational drag.
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 Japanese manufacturer listed on the TSE Growth market that specializes in advanced optical materials and devices, leveraging mass-production and single-crystal growth technologies. Through subsidiaries such as Israel-based Raicol Crystals Ltd., it has targeted applications in aerospace and defense, particularly in nonlinear optical crystals and electro-optic devices sold largely into European and other international markets.
Average Trading Volume: 155,122
Technical Sentiment Signal: Sell
Current Market Cap: Yen20.12B
For a thorough assessment of 6521 stock, go to TipRanks’ Stock Analysis page.