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An announcement from Sumitomo Osaka Cement Co ( (JP:5232) ) is now available.
Sumitomo Osaka Cement will record an extraordinary impairment loss of ¥2.9 billion in the third quarter of the fiscal year ending March 31, 2026, after its board decided to discontinue operations of the coal-fired Ako Power Plant by the end of March 2026 in light of Japan’s planned GX-ETS emissions trading scheme. The impairment has already been factored into the company’s full-year earnings forecast, signaling that while the move underscores the cost of transitioning away from coal-fired power, it is not expected to cause an additional negative surprise for investors beyond previously disclosed guidance.
The most recent analyst rating on (JP:5232) stock is a Buy with a Yen4530.00 price target. To see the full list of analyst forecasts on Sumitomo Osaka Cement Co stock, see the JP:5232 Stock Forecast page.
More about Sumitomo Osaka Cement Co
Sumitomo Osaka Cement Co., Ltd. is a Japanese cement manufacturer listed on the Tokyo Stock Exchange Prime Market that operates cement plants and related facilities, including in-house power generation assets, to supply electricity primarily for its cement production operations.
Average Trading Volume: 148,528
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen133.9B
Find detailed analytics on 5232 stock on TipRanks’ Stock Analysis page.