Tsubaki Nakashima Co., Ltd (JP:6464) has released an update.
Tsubaki Nakashima Co., Ltd. has revised its earnings and dividends forecasts for FY2024, citing a slow recovery in European automobile production and global demand for industrial equipment and machine tools. The company now anticipates lower sales and profits, alongside increased inventory impairment losses and one-time expenses. Consequently, the year-end dividend forecast has been adjusted from 20.00 yen to 10.00 yen per share.
For further insights into JP:6464 stock, check out TipRanks’ Stock Analysis page.
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