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Ultrafabrics Holdings Co.,Ltd. ( (JP:4235) ) has provided an announcement.
Ultrafabrics Holdings Co., Ltd. announced a significant divergence between its first half fiscal year 2025 earnings forecasts and actual results, leading to a downward revision of its full-year earnings forecasts. The company attributes the shortfall to various factors, including a wait-and-see approach by customers due to uncertainties in US tariff policies, a soft office market, high interest rates, and rising raw material costs. Despite strong sales in the aviation sector, the company has adjusted its sales assumptions for automotive seats and revised its forex rate expectations, impacting its gross profit margin and leading to reduced forecasts for operating income and net income.
More about Ultrafabrics Holdings Co.,Ltd.
Ultrafabrics Holdings Co., Ltd. operates in the synthetic leather industry, providing high-quality, animal-free materials primarily for applications in furniture, automotive, and aviation sectors.
Average Trading Volume: 29,836
Technical Sentiment Signal: Sell
Current Market Cap: Yen12.29B
For detailed information about 4235 stock, go to TipRanks’ Stock Analysis page.