SWCC Showa Holdings Co., Ltd. (JP:5805) has released an update.
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SWCC Corporation has reported a significant investment loss of 2,927 million yen for the first half of the fiscal year, attributed to credit risks associated with its affiliate, Futong Showa Wire & Cable. This loss, recorded as a non-operating expense, has been incorporated into the company’s consolidated financial results for the period ending September 30, 2024.
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