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Showa Denko KK ( (JP:4004) ) has provided an update.
Resonac Holdings Corporation, through its subsidiary Resonac Corporation, is implementing rationalization measures in its graphite electrode business due to a challenging market environment characterized by sluggish demand and aggressive pricing by competitors. These measures include workforce reductions at their German site, aiming to reduce fixed costs and improve operational efficiency. The company plans to reduce its workforce by about 40% and expects to cut annual fixed costs by approximately JPY 11.7 billion compared to FY2024. The financial impact of these measures has been partially accounted for in the FY2025 earnings forecast, with further cost reductions anticipated in FY2026.
The most recent analyst rating on (JP:4004) stock is a Buy with a Yen7017.00 price target. To see the full list of analyst forecasts on Showa Denko KK stock, see the JP:4004 Stock Forecast page.
More about Showa Denko KK
YTD Price Performance: 62.54%
Average Trading Volume: 2,032,091
Technical Sentiment Signal: Buy
Current Market Cap: Yen1181.7B
For an in-depth examination of 4004 stock, go to TipRanks’ Overview page.