TENMA Updates Financial Forecasts Post Plant Closure

TENMA (JP:7958) has released an update.

TENMA Corporation, in a recent Board of Directors meeting, revised its financial forecasts for Q2 and the full fiscal year ending March 2025, due to the closure of the Hirosaki Plant and an anticipated extraordinary gain from the sale of its assets. The revised forecast predicts an increase in ordinary profit and profit attributable to owners of the parent for Q2, with a notable 125% jump in profit attributable to owners of the parent, while the full-year forecast sees a modest 9.4% rise in the same metric.

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