Sekisui Kasei Co., Ltd. ( (JP:4228) ) has provided an update.
Sekisui Kasei Co., Ltd. announced significant financial adjustments, including recording non-operating expenses and extraordinary losses due to the transfer of subsidiaries and restructuring costs. This has led to a revision of their consolidated earnings forecast, projecting a net loss for the fiscal year ending March 31, 2025, and the decision to cancel the year-end dividend. The company’s financial performance is impacted by sluggish demand in the European automotive market and currency fluctuations, prompting strategic financial revisions and a focus on internal reserves.
More about Sekisui Kasei Co., Ltd.
Sekisui Kasei Co., Ltd. operates in the chemical industry, focusing on the production of plastic products and materials. The company is listed on the Tokyo Prime Market and is known for its innovative solutions in the fields of packaging, construction, and automotive sectors.
YTD Price Performance: -3.07%
Average Trading Volume: 103,404
Technical Sentiment Signal: Buy
Current Market Cap: Yen15.19B
See more data about 4228 stock on TipRanks’ Stock Analysis page.