W-SCOPE Corporation. (JP:6619) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
W-SCOPE Corporation has announced the transfer of its subsidiary, W-SCOPE CHUNGJU PLANT CO., LTD., to an equity-method affiliate due to a reduction in voting rights. This strategic move is expected to impact the company’s sales and operating profits from the third quarter of fiscal 2025 but is not anticipated to significantly affect their ordinary profit or loss. The company is recalculating its full-year consolidated earnings forecast and plans to reconsolidate the subsidiary when the business environment improves.
For further insights into JP:6619 stock, check out TipRanks’ Stock Analysis page.