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TSURUHA Holdings Revises Earnings Forecast Amid Accounting Adjustments

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TSURUHA Holdings Revises Earnings Forecast Amid Accounting Adjustments

TSURUHA Holdings ( (JP:3391) ) just unveiled an announcement.

TSURUHA Holdings Inc. announced a discrepancy between its previously forecasted and actual earnings for the first half of the fiscal year ending February 2025, primarily due to accounting revisions and recording of impairment losses. Consequently, the company has revised its full-year earnings forecast downward, anticipating a significant decline in net income attributable to owners of the parent, impacting its financial outlook and potentially affecting stakeholder confidence.

More about TSURUHA Holdings

TSURUHA Holdings Inc. operates in the retail industry, primarily focusing on the sale of pharmaceuticals, cosmetics, and daily necessities through its chain of drugstores across Japan. The company is listed on the Tokyo Stock Exchange’s Prime Market.

YTD Price Performance: 14.47%

Technical Sentiment Signal: Buy

Current Market Cap: $3.08B

For an in-depth examination of 3391 stock, go to TipRanks’ Stock Analysis page.

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