Sumitomo Rubber Industries (JP:5110) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Sumitomo Rubber Industries has revised its financial forecast for 2024, anticipating a significant decrease in operating profit and profit attributable to owners due to the decision to cease production at Sumitomo Rubber USA. The company now expects operating profit to drop by 91.8% and profit attributable to owners by 97.6% compared to the previous forecast.
For further insights into JP:5110 stock, check out TipRanks’ Stock Analysis page.
