Taiyo Yuden Co., Ltd. ( (JP:6976) ) just unveiled an announcement.
Taiyo Yuden Co., Ltd. announced a recognition of non-operating expenses due to a foreign exchange loss for the fiscal year ending March 31, 2025. Despite recording foreign exchange gains earlier in the year, the company faced a significant loss in the fourth quarter, resulting in an overall foreign exchange loss of ¥819 million. Additionally, the company reported a discrepancy between its forecasted and actual financial results, with net sales and operating profit exceeding expectations due to high demand for inductors. However, ordinary profit and profit attributable to owners were lower than anticipated, primarily due to the foreign exchange loss and yen appreciation.
More about Taiyo Yuden Co., Ltd.
Taiyo Yuden Co., Ltd. operates in the electronics industry, primarily focusing on the production of electronic components such as capacitors, inductors, and functional modules. The company is listed on the Tokyo Stock Exchange and serves a global market with a strong emphasis on innovation and technology.
Average Trading Volume: 2,729,001
Technical Sentiment Signal: Sell
Current Market Cap: Yen268.2B
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