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Tosoh ( (JP:4042) ) has issued an update.
Tosoh Corporation announced it will record an impairment loss on the fixed assets of its subsidiary Tosoh SMD, Inc. due to decreased shipments in the U.S. semiconductor market, leading to a revised financial forecast. Despite challenges such as a weaker yen and rising raw material costs, the company expects improved operating and ordinary income due to increased sales in its Engineering Group and better trade terms for its Specialty Group, although net income will fall due to the impairment loss.
The most recent analyst rating on (JP:4042) stock is a Hold with a Yen2417.00 price target. To see the full list of analyst forecasts on Tosoh stock, see the JP:4042 Stock Forecast page.
More about Tosoh
Tosoh Corporation operates in the chemical industry, producing a range of products including petrochemicals, specialty materials, and advanced materials. The company has a significant presence in the semiconductor market through its subsidiary Tosoh SMD, Inc., which manufactures sputtering targets in the United States.
YTD Price Performance: 13.49%
Average Trading Volume: 1,311,401
Technical Sentiment Signal: Buy
Current Market Cap: Yen730.8B
See more data about 4042 stock on TipRanks’ Stock Analysis page.