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Haseko ( (JP:1808) ) has shared an update.
Haseko Corporation has announced significant financial adjustments due to extraordinary impairment losses. The decline in Japanese tourists to Hawaii, exacerbated by the yen’s depreciation, has led to a shortfall in expected visitors at Haseko America’s commercial facility in Oahu, resulting in a 14,668 million yen impairment loss. Additionally, the company has revised its full-year financial forecasts, with profits attributable to the parent company expected to decrease significantly, influenced by the sale of investment projects and litigation provisions.
More about Haseko
Haseko Corporation operates within the real estate industry, focusing primarily on construction and development projects. The company is known for its residential and commercial properties, with a significant market presence in both Japan and international locations such as the United States.
YTD Price Performance: 4.17%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €3.45B
For an in-depth examination of 1808 stock, go to TipRanks’ Stock Analysis page.
