Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Yorozu Corporation ( (JP:7294) ) has shared an update.
Yorozu Corporation has announced the recognition of a provision for doubtful accounts in its individual financial statements for the fiscal year ended March 31, 2025. This provision, amounting to ¥2,375 million, is attributed to loans to its subsidiaries, including Wuhan Yorozu Bao Mit Automotive Co., Ltd., whose performance has been declining. While this is recorded as a non-operating expense, it will not affect the consolidated profit and loss as the amount will be eliminated in the consolidated financial statements.
More about Yorozu Corporation
Yorozu Corporation operates in the automotive industry, focusing on manufacturing automotive components and systems. The company is known for its expertise in producing suspension systems and other related automotive parts, serving a global market.
Average Trading Volume: 77,596
Technical Sentiment Signal: Sell
Current Market Cap: Yen23.63B
See more insights into 7294 stock on TipRanks’ Stock Analysis page.