Takasho Co., Ltd. (JP:7590) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Takasho Co., Ltd. has downgraded its financial projections for the fiscal year ending January 20, 2025, with significant declines in net sales, operating income, ordinary income, and net income attributable to owners. The downward revision is attributed to weaker-than-expected sales in the Home-use segment, a challenging overseas market, and increased costs due to yen depreciation. Concurrently, the company has also reduced its year-end dividend forecast from 8 yen to 5 yen per share, aligning with its policy of stable shareholder returns amid uncertain economic conditions.
For further insights into JP:7590 stock, check out TipRanks’ Stock Analysis page.