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Diamond Electric Holdings Revises Earnings Forecast After Foreign Exchange Gains

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Diamond Electric Holdings Revises Earnings Forecast After Foreign Exchange Gains

Diamond Electric Holdings Co., Ltd. ( (JP:6699) ) has shared an update.

Diamond Electric Holdings Co., Ltd. announced a non-operating income gain of JPY 462 million due to foreign exchange fluctuations in the third quarter of the fiscal year ending March 2025. The company has revised its full-year consolidated earnings forecast, anticipating increased net sales and operating profit due to exchange rate impacts and cost improvements in its Mobility Equipment and Home Electronics Businesses. This revision is expected to positively influence ordinary and net profits, although tax expenses may rise.

More about Diamond Electric Holdings Co., Ltd.

Diamond Electric Holdings Co., Ltd. operates in the electronics industry, focusing on mobility equipment and home electronics. The company is listed on the Prime Market and is recognized for its global operations and product offerings.

YTD Price Performance: 2.16%

Average Trading Volume: 23,364

Technical Sentiment Consensus Rating: Buy

Current Market Cap: Yen4.3B

For a thorough assessment of 6699 stock, go to TipRanks’ Stock Analysis page.

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