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An announcement from Colowide Co., Ltd. ( (JP:7616) ) is now available.
Colowide Co., Ltd. announced significant financial changes due to its subsidiary, Atom Corporation, transferring its karaoke and Izakaya businesses. This transfer is expected to result in extraordinary profits of approximately 1,634 million yen in the current fiscal year’s fourth quarter. Meanwhile, Atom Corporation has also recorded an impairment loss of 133 million yen due to store evaluations related to these business transfers. The company is currently reviewing the impact of these changes on its consolidated earnings forecast for the fiscal year ending March 31, 2025.
More about Colowide Co., Ltd.
YTD Price Performance: -1.67%
Average Trading Volume: 499,213
Technical Sentiment Consensus Rating: Buy
Current Market Cap: Yen178.6B
For a thorough assessment of 7616 stock, go to TipRanks’ Stock Analysis page.
