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An update from Tokai ( (JP:9729) ) is now available.
TOKAI Corp. announced an expected extraordinary loss of 1.87 billion yen due to impairment losses on fixed assets related to its dispensing pharmacy and elderly care equipment businesses. Despite this, the company revised its earnings forecast upward for net sales, operating profit, and ordinary profit due to strong performance in its core rental business and recent acquisitions. However, the profit attributable to owners of the parent is expected to decrease due to the impairment losses. The year-end dividend remains unchanged, resulting in an annual dividend of 58 yen per share.
More about Tokai
TOKAI Corp. operates in the healthcare industry, focusing on dispensing pharmacy services and elderly care equipment. The company is listed on the Prime Market of the Tokyo Stock Exchange and is involved in the rental business, with recent acquisitions including mik japan Co., Ltd. and Kaigo Center Hanaoka Co., Ltd.
Technical Sentiment Signal: Strong Sell
Current Market Cap: $531M
See more insights into 9729 stock on TipRanks’ Stock Analysis page.