OSG Corporation Adjusts Fiscal Year Profit Forecasts

OSG (JP:6136) has released an update.

OSG Corporation has maintained its net sales forecast but lowered its profit projections for the fiscal year ending November 2024, citing increased expenses due to inflation and a prolonged impact from an automobile certification fraud issue on its production and shipments. While consolidated net income is expected to decrease, non-consolidated ordinary income and net income are projected to exceed previous expectations due to higher dividend income from subsidiaries. The year-end dividend forecast remains at 32 yen per share.

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