Nippon Beet Sugar Manufacturing Co., Ltd. ( (JP:2108) ) has issued an announcement.
Nippon Beet Sugar Manufacturing Co., Ltd. announced an extraordinary loss due to an impairment of non-current assets in its sugar business, leading to a revision of its consolidated financial forecasts for the fiscal year ended March 31, 2025. The impairment loss of ¥5,666 million is expected to significantly impact the company’s profitability, with revised forecasts showing a decrease in profit attributable to owners of the parent by 58.5% compared to previous estimates. Despite the financial setback, the company maintains its fiscal year-end cash dividend forecast.
More about Nippon Beet Sugar Manufacturing Co., Ltd.
Nippon Beet Sugar Manufacturing Co., Ltd. operates in the sugar industry, primarily focusing on the production of beet sugar. The company is listed on the Tokyo Stock Exchange and is involved in the manufacturing and distribution of sugar products.
YTD Price Performance: -1.78%
Average Trading Volume: 22,796
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen32.37B
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