Okumura ( (JP:1833) ) has shared an update.
Okumura Corporation announced it will record non-operating expenses due to valuation losses on forward exchange contracts for the fiscal year ending March 31, 2025. This decision follows an explosion at its subsidiary, Ishikari Bio Energy Godo Kaisha, which led to the suspension of hedge accounting and resulted in a ¥701 million loss, impacting the company’s financial results.
More about Okumura
Okumura Corporation operates in the construction industry, focusing on infrastructure development and related services. The company is listed on the Tokyo Stock Exchange Prime Market and is involved in various projects, including energy-related ventures through its subsidiaries.
Average Trading Volume: 118,741
Current Market Cap: Yen163.3B
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