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Sala Corporation ( (JP:2734) ) has issued an update.
SALA Corporation has reported a non-operating expense of ¥430 million due to a loss on the valuation of derivatives related to forward exchange contracts. This financial impact arises from fluctuations in foreign exchange rates affecting the cost of imported materials for its subsidiary, SALA e POWER Co., Ltd. The company has taken measures to mitigate these risks by entering into additional forward exchange contracts, ensuring long-term stability in its operations despite the current financial loss.
More about Sala Corporation
SALA Corporation operates in the energy sector, with a focus on electricity generation through wood biomass power. Its subsidiary, SALA e POWER Co., Ltd., sells electricity generated from biomass, primarily using imported materials. The company benefits from fixed electricity prices under the feed-in tariff system, ensuring stable revenues despite fluctuating costs of imported materials.
Average Trading Volume: 85,103
Technical Sentiment Signal: Buy
Current Market Cap: Yen61.8B
For detailed information about 2734 stock, go to TipRanks’ Stock Analysis page.