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Siix Corporation ( (JP:7613) ) has issued an announcement.
SIIX Corporation has finalized a transfer agreement to sell its entire equity interest in its Hungarian subsidiary, SIIX Hungary Kft., to Vipulse Technology Kft. This move is part of the company’s ongoing liquidation process of the subsidiary, which will result in an extraordinary loss of approximately 425 million yen on consolidated results and 2,243 million yen on non-consolidated results for the fiscal year ending December 2025. The financial impact has already been included in the company’s earnings forecast, and any necessary revisions will be announced promptly.
The most recent analyst rating on (JP:7613) stock is a Hold with a Yen1298.00 price target. To see the full list of analyst forecasts on Siix Corporation stock, see the JP:7613 Stock Forecast page.
More about Siix Corporation
SIIX Corporation operates in the manufacturing sector, with a focus on producing electric wires and cables. The company is listed on the Prime Market of the Tokyo Stock Exchange and is led by CEO Kazuya Hiraoka.
Average Trading Volume: 143,322
Technical Sentiment Signal: Buy
Current Market Cap: Yen59.41B
For detailed information about 7613 stock, go to TipRanks’ Stock Analysis page.