tiprankstipranks
JTOWER Inc. Adjusts Forecast Amidst Tender Offer
Company Announcements

JTOWER Inc. Adjusts Forecast Amidst Tender Offer

JTOWER, Inc. (JP:4485) has released an update.

Don't Miss Our Christmas Offers:

JTOWER Inc. anticipates a substantial extraordinary loss for the fiscal year ending March 31, 2025, due to advisory and legal fees related to a tender offer, leading to a revision of their full-year forecast with a projected decrease in profit attributable to owners of the parent by JPY 820 million. This adjustment comes as the company supports a tender offer by DB Pyramid Holdings, LLC that may result in JTOWER going private and being delisted from the stock exchange.

For further insights into JP:4485 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App