tiprankstipranks
OXIDE Corporation Revises Forecast Due to Subsidiary Challenges
Company Announcements

OXIDE Corporation Revises Forecast Due to Subsidiary Challenges

Story Highlights

Stay Ahead of the Market:

OXIDE Corp. ( (JP:6521) ) just unveiled an update.

OXIDE Corporation has revised its full-year financial forecast, expecting significant losses due to unforeseen circumstances involving its subsidiary, Raicol Crystals Ltd. The subsidiary encountered discrepancies due to decreased orders amid regional conflicts and trade restrictions, resulting in substantial impairment and extraordinary losses, forcing OXIDE to project a net loss for the fiscal year.

More about OXIDE Corp.

OXIDE Corporation operates in the technology sector, focusing on semiconductor components and related products. The company manages a diverse market portfolio, which includes Raicol Crystals Ltd., a wholly-owned subsidiary.

YTD Price Performance: -1.74%

Average Trading Volume: 99,083

Technical Sentiment Consensus Rating: Buy

Current Market Cap: Yen17.12B

See more data about 6521 stock on TipRanks’ Stock Analysis page.

Related Articles
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