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An update from IRISO Electronics Co., Ltd. ( (JP:6908) ) is now available.
IRISO Electronics Co., Ltd. announced a structural reform plan aimed at streamlining production and labor costs while improving profitability and human resources. This reform involves transferring production to a new plant, optimizing workforce structures, and offering voluntary retirement schemes. The company expects these reforms to improve annual profits by approximately 0.7 billion yen. However, they have recorded a special loss of about 2.45 billion yen due to reform-related expenses, leading to a revision of their full-year 2024 earnings forecast. Despite expecting higher net sales and operating profits, the net profit attributable to owners is projected to decline due to these structural costs.
More about IRISO Electronics Co., Ltd.
IRISO Electronics Co., Ltd. is a company operating within the electronics industry. It focuses on manufacturing and providing electronic components, with a keen emphasis on optimizing production processes and restructuring operations to enhance efficiency and profitability.
YTD Price Performance: -2.30%
Average Trading Volume: 145,740
Technical Sentiment Consensus Rating: Buy
Current Market Cap: Yen62.05B
Learn more about 6908 stock on TipRanks’ Stock Analysis page.
