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An update from Towa Corporation ( (JP:6315) ) is now available.
Towa Corporation has announced a downward revision in its earnings forecast for FY2024, attributing the changes to prolonged stagnation in demand for end-use products such as smartphones and PCs, and delayed investments in consumer goods and memory semiconductors. Despite these challenges, Towa anticipates achieving record-high net sales compared to the previous fiscal year, with plans to sell investment securities to fund capital and R&D investments, aiming to strengthen its growth strategy amidst economic uncertainties.
More about Towa Corporation
Towa Corporation operates in the semiconductor industry, focusing on providing manufacturing equipment and services for the production of semiconductors and other electronic components. The company targets markets dealing with advanced electronics and consumer goods, particularly in regions with growing demand for semiconductor technology.
YTD Price Performance: 32.97%
Average Trading Volume: 441
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €978.3M
For a thorough assessment of 6315 stock, go to TipRanks’ Stock Analysis page.