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Socionext Inc. ( (JP:6526) ) has provided an update.
Socionext Inc. has revised its financial forecast for the fiscal year ending March 2025, lowering its projections for net sales, operating income, and profit attributable to owners of the parent. The revision is due to decreased demand in the telecommunications sector in China, ongoing inventory adjustments, and despite a favorable depreciation of the yen. As a result, the company has adjusted its expectations, although it maintains its annual dividend forecast of 50 yen per share.
More about Socionext Inc.
Socionext Inc. operates in the semiconductor industry, focusing on providing advanced system-on-chip (SoC) solutions. The company primarily serves markets that require high-performance computing and connectivity solutions, such as automotive, industrial, and consumer electronics.
YTD Price Performance: -4.09%
Average Trading Volume: 6,995,240
Technical Sentiment Consensus Rating: Buy
Current Market Cap: Yen432.8B
Find detailed analytics on 6526 stock on TipRanks’ Stock Analysis page.