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An announcement from Shindengen Electric Mfg Co Ltd ( (JP:6844) ) is now available.
Shindengen Electric Mfg Co Ltd reported extraordinary losses of ¥1,034 million due to structural reforms in its Electronic Device Business, driven by economic slowdowns and increased costs. Despite these losses, the company recorded deferred tax assets of ¥602 million, improving its net loss forecast. The discrepancy between the forecast and actual results was mainly due to foreign currency revaluation, but the impact on consolidated results was minimal.
More about Shindengen Electric Mfg Co Ltd
Shindengen Electric Mfg Co Ltd operates in the electronic manufacturing industry, specializing in electronic devices. The company is focused on structural reforms to improve earnings amid economic challenges, such as sluggish demand and rising material costs.
Average Trading Volume: 67,887
Technical Sentiment Signal: Sell
Current Market Cap: Yen21.86B
For a thorough assessment of 6844 stock, go to TipRanks’ Stock Analysis page.