Sumitomo Rubber Industries (JP:5110) has released an update.
Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Sumitomo Rubber Industries has revised its financial forecast for 2024, anticipating a significant decrease in operating profit and profit attributable to owners due to the decision to cease production at Sumitomo Rubber USA. The company now expects operating profit to drop by 91.8% and profit attributable to owners by 97.6% compared to the previous forecast.
For further insights into JP:5110 stock, check out TipRanks’ Stock Analysis page.