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Bunka Shutter Co., Ltd. Announces Extraordinary Income from Legal Settlement

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Bunka Shutter Co., Ltd. Announces Extraordinary Income from Legal Settlement

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Bunka Shutter Co., Ltd. ( (JP:5930) ) has issued an announcement.

Bunka Shutter Co., Ltd. has announced the recording of extraordinary income due to a Supreme Court decision dismissing an appeal in a lawsuit against IBM Japan, Ltd. This decision is expected to result in JPY 2,782 million in compensation for damages, impacting the company’s financial results for the fiscal year ending March 31, 2025. The company is reviewing the potential effects on its consolidated earnings forecast and will update stakeholders if necessary.

More about Bunka Shutter Co., Ltd.

Bunka Shutter Co., Ltd. operates in the manufacturing industry, primarily focusing on the production of shutters and related products. The company caters to various markets, offering solutions for both residential and commercial properties.

YTD Price Performance: -4.31%

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €753.7M

Find detailed analytics on 5930 stock on TipRanks’ Stock Analysis page.

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