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An announcement from SWCC Showa Holdings Co., Ltd. ( (JP:5805) ) is now available.
SWCC Corporation reported a significant financial impact due to losses from its equity-method affiliate, Futong Showa Wire & Cable (Hangzhou) Co., Ltd., which became effectively insolvent. This development led to a revision in the company’s financial forecasts, particularly reducing the ordinary profit expectations for the fiscal year ending March 31, 2025. Despite these setbacks, the performance of its Energy and Infrastructure Business exceeded expectations, and special gains from asset sales helped maintain net income levels.
More about SWCC Showa Holdings Co., Ltd.
SWCC Corporation operates in the energy and infrastructure sector, focusing on producing wire and cable products. The company has significant market focus in China through its equity-method affiliate, Futong Showa Wire & Cable (Hangzhou) Co., Ltd.
YTD Price Performance: 3.10%
Average Trading Volume: 54
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €1.43B
Find detailed analytics on 5805 stock on TipRanks’ Stock Analysis page.
