UBE Industries (JP:4208) has released an update.
UBE Corporation has revised its earnings forecast for the first half of the fiscal year ending March 31, 2025, with net sales expected to increase due to higher elastomer prices, despite a decrease in operating and ordinary profits. The company attributes the decline in profits to losses from the dissolution of an affiliate and challenges in the Polymers & Chemicals Segment. The full-year forecast and dividend projections remain unchanged.
For further insights into JP:4208 stock, check out TipRanks’ Stock Analysis page.
