Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Torex Semiconductor Ltd. ( (JP:6616) ) has issued an update.
Torex Semiconductor Ltd. announced an expected impairment loss of 1,115 million yen for the fiscal year ending March 31, 2025, due to asset impairment at its Kagoshima Plant. Consequently, the company revised its full-year earnings forecast, anticipating a significant decrease in profit attributable to owners of the parent, although the fiscal year-end cash dividend forecast remains unchanged.
More about Torex Semiconductor Ltd.
Torex Semiconductor Ltd. operates in the semiconductor industry, focusing on the development and manufacturing of electronic components. The company is known for its innovative semiconductor solutions and serves a global market.
Average Trading Volume: 35,318
Technical Sentiment Signal: Sell
Current Market Cap: Yen12.76B
Find detailed analytics on 6616 stock on TipRanks’ Stock Analysis page.