Casa Inc. ( (JP:7196) ) has provided an announcement.
Casa Inc. announced a change in its accounting estimates for the allowance for doubtful accounts, which led to a revision of its financial results for the fiscal year ending January 2025. The company has optimized its risk management approach by shifting from receivable-based to debtor contract-based risk management, resulting in a significant reduction in the allowance for doubtful accounts. This change has positively impacted the company’s financial performance, leading to an increase in net income attributable to shareholders, prompting a revision of the full-year consolidated earnings forecast.
More about Casa Inc.
Casa Inc. operates in the rent guarantor industry, focusing on providing guarantees for rent liabilities. The company is listed on the Tokyo Stock Exchange and is known for its management of reimbursement claims, which have historically been larger than those of other companies in the same sector.
YTD Price Performance: 2.54%
Average Trading Volume: 27,600
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen8.74B
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