Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
SUMCO Corporation ( (JP:3436) ) has shared an announcement.
SUMCO Corporation reported a significant decline in its financial performance for the fiscal year ended December 31, 2024, compared to the previous year. The company’s net sales, operating profit, and ordinary profit all witnessed notable decreases, with profit attributable to owners of the parent dropping by 68.9%. This downturn indicates challenges in the semiconductor market and could impact stakeholders, as reflected in reduced dividends and a cautious financial forecast for the first quarter of 2025.
More about SUMCO Corporation
SUMCO Corporation is a company listed on the Tokyo Stock Exchange, primarily operating in the semiconductor industry. It is known for manufacturing and supplying silicon wafers, which are critical components in the production of semiconductors used in various electronic devices and technologies.
YTD Price Performance: -5.20%
Average Trading Volume: 6,036,616
Technical Sentiment Consensus Rating: Buy
Current Market Cap: Yen392.7B
Find detailed analytics on 3436 stock on TipRanks’ Stock Analysis page.
