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An update from Sumitomo Riko Company Limited ( (JP:5191) ) is now available.
Sumitomo Riko Company Limited has revised its financial forecasts for the first half and full fiscal year ending March 31, 2026, reflecting changes in sales expectations and profit margins. The company anticipates higher profits in the first half due to steady production at major clients and cost reduction efforts, despite the negative impact of yen appreciation on overseas sales. However, full-year sales forecasts have been lowered due to similar currency impacts and revised assumptions regarding cost pass-throughs related to US tariffs. Additionally, the company has increased its dividend forecast, indicating confidence in its financial stability amidst a challenging business environment.
More about Sumitomo Riko Company Limited
Sumitomo Riko Company Limited operates in the manufacturing industry, focusing on producing rubber and resin products. The company primarily serves the automotive sector, providing components such as anti-vibration rubber and hoses, and has a significant market presence in Japan and globally.
Average Trading Volume: 202,937
Technical Sentiment Signal: Buy
Current Market Cap: Yen191.9B
For detailed information about 5191 stock, go to TipRanks’ Stock Analysis page.