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Topcon ( (JP:7732) ) has issued an announcement.
Topcon Corporation has revised its full-year outlook downward for FY2024 due to a sharper than anticipated downturn in its Positioning Business. Despite this, the company maintains confidence in its medium- to long-term profit growth through structural reforms and enhanced profitability efforts. The uncertainty from the incoming U.S. administration and a market downturn affected investment strategies. However, Topcon expects record high outcomes for FY24, driven by accelerated sales growth in its Screening Business and improvements in business efficiency and profitability.
More about Topcon
YTD Price Performance: -4.83%
Average Trading Volume: 239
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.02B
See more insights into 7732 stock on TipRanks’ Stock Analysis page.
