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PRONEXUS Incorporated ( (JP:7893) ) has issued an announcement.
PRONEXUS INC. announced a significant downward revision of its full-year consolidated earnings forecast for the fiscal year ended March 31, 2025, due to impairment losses of approximately 2.5 billion yen. This adjustment stems from a cautious review of future business plans, influenced by higher discount rates and a slower-than-expected recovery in event-related businesses post-COVID. Despite these challenges, the company maintains its revenue forecast and dividend plans, while formulating a new medium-term management plan to support sustainable growth.
More about PRONEXUS Incorporated
PRONEXUS INC. operates in the event-related industry, focusing on expanding its business through its subsidiary, Cine Focus Corp. The company is involved in promoting event-related services and has made strategic acquisitions to bolster its market presence.
YTD Price Performance: -5.43%
Average Trading Volume: 29,158
Technical Sentiment Signal: Sell
Current Market Cap: Yen31.45B
For an in-depth examination of 7893 stock, go to TipRanks’ Stock Analysis page.