Hirano Tecseed Co., Ltd. ( (JP:6245) ) has shared an update.
Hirano Tecseed Co., Ltd. has announced that it is facing bankruptcy claims due to the financial collapse of its business partner, Northvolt Ett AB, a Swedish lithium-ion battery manufacturer. As a result, Hirano Tecseed will record a provision for doubtful debts amounting to ¥478 million, representing 1.2% of its consolidated net assets, as an extraordinary loss in FY2024. The company will disclose any necessary revisions to its earnings forecast if required.
More about Hirano Tecseed Co., Ltd.
Hirano Tecseed Co., Ltd. operates in the manufacturing industry, focusing on the production and sale of electrode coating equipment. The company engages with partners in the lithium-ion battery sector, providing essential equipment for battery production.
YTD Price Performance: -9.68%
Average Trading Volume: 49,996
Technical Sentiment Signal: Buy
Current Market Cap: Yen25.94B
Learn more about 6245 stock on TipRanks’ Stock Analysis page.