tiprankstipranks
OXIDE Corp Records Gain Amidst Forex Fluctuations
Company Announcements

OXIDE Corp Records Gain Amidst Forex Fluctuations

OXIDE Corp. (JP:6521) has released an update.

OXIDE Corporation reported a notable non-operating income for Q1 of the fiscal year ending in February 2025, attributed to a 100 million yen gain from foreign exchange fluctuations. The gain mainly resulted from revaluing loans to an overseas subsidiary. However, the company has not adjusted its annual forecast due to the variable nature of exchange rates.

For further insights into JP:6521 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!