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Sanoh Industrial Co., Ltd. ( (JP:6584) ) just unveiled an update.
Sanoh Industrial Co., Ltd. has recognized an extraordinary impairment loss of JPY 1.299 billion due to deteriorating business performance at its overseas subsidiaries, particularly in China. This impairment has been factored into the fiscal year-end earnings forecast, and despite the loss, the net income exceeded expectations due to the impairment being lower than initially anticipated.
More about Sanoh Industrial Co., Ltd.
Sanoh Industrial Co., Ltd. operates in the industrial sector, focusing on manufacturing and supplying automotive components. The company primarily serves the automotive industry with a market focus on both domestic and international markets.
Average Trading Volume: 159,745
Technical Sentiment Signal: Sell
Current Market Cap: Yen22.69B
For detailed information about 6584 stock, go to TipRanks’ Stock Analysis page.