Toyota Boshoku ( (JP:3116) ) has provided an update.
Toyota Boshoku Corporation reported significant impairment losses amounting to 31,377 million yen in the fourth quarter of the fiscal year ending March 2025, primarily due to changes in the business environment affecting their operations in Japan and the Americas. Despite an increase in revenue driven by higher production and favorable exchange rates, the company’s profits were negatively impacted by these impairment losses and increased expenses for future initiatives, leading to a substantial decrease in profits compared to previous forecasts and fiscal year results.
More about Toyota Boshoku
Toyota Boshoku Corporation operates in the automotive industry, primarily focusing on the production of interior components, unit components, and filtration products for vehicles. The company serves a global market with a strong presence in regions such as Japan, North America, and China.
YTD Price Performance: 5.39%
Average Trading Volume: 165
Technical Sentiment Signal: Buy
Current Market Cap: $2.46B
See more data about 3116 stock on TipRanks’ Stock Analysis page.