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The latest announcement is out from Taiyo Yuden Co., Ltd. ( (JP:6976) ).
Taiyo Yuden Co., Ltd. has announced a significant recognition of non-operating income due to foreign exchange gains during the nine-month period ended December 31, 2024. The company recorded gains of ¥4,199 million, driven by favorable currency fluctuations. As a result, Taiyo Yuden revised its consolidated financial forecast for the fiscal year ending March 31, 2025, anticipating an increase in net sales and profits. The company expects improved demand in the automotive and IT infrastructure sectors in the fourth quarter, despite a seasonal slump in communication equipment demand. However, it also anticipates a ¥1.0 billion extraordinary loss due to business restructuring expenses.
More about Taiyo Yuden Co., Ltd.
Taiyo Yuden Co., Ltd. is a company listed on the Tokyo Stock Exchange in the Prime Market. It is involved in the production of electronic components, with a focus on capacitors, inductors, and other related products, serving markets such as automotive, IT infrastructure, and industrial equipment.
YTD Price Performance: -4.85%
Average Trading Volume: 2,431,761
Technical Sentiment Consensus Rating: Buy
Current Market Cap: Yen271.1B
For detailed information about 6976 stock, go to TipRanks’ Stock Analysis page.