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An announcement from Sala Corporation ( (JP:2734) ) is now available.
SALA Corporation reported a non-operating income gain of ¥1,077 million from the valuation of derivatives, attributed to fluctuations in foreign exchange rates during the fiscal year ending November 30, 2024. The company has implemented a forward exchange contract strategy to mitigate exchange-rate risks until 2039, ensuring stable financial performance despite market fluctuations, and aims to maintain a dividend payout ratio of 40% or higher, excluding derivatives valuation effects.
More about Sala Corporation
SALA Corporation operates in the energy sector with a focus on electricity generation using imported materials. The company, through its subsidiary SALA e POWER Co., Ltd., secures stable revenues through fixed electricity prices under the feed-in tariff system, while managing risks associated with fluctuating costs of imported materials.
YTD Price Performance: -6.46%
Average Trading Volume: 188,037
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: Yen53.46B
For an in-depth examination of 2734 stock, go to TipRanks’ Stock Analysis page.
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