An announcement from UBE Industries ( (JP:4208) ) is now available.
UBE Corporation has revised its earnings forecasts for the fiscal year ending March 31, 2025, indicating lower than expected performance due to several factors, including the transfer of management rights of UBE Steel Co., Ltd. and sluggish sales in its Polymers & Chemicals segment caused by oversupply from Chinese companies. The company also plans significant structural reforms leading to substantial impairment losses. Despite these challenges, the dividend forecast remains unchanged.
More about UBE Industries
UBE Corporation operates in the chemicals industry, with key products and services including polymers, chemicals, machinery, and specialty products. The company focuses on addressing market demands while navigating challenges such as oversupply in certain segments.
YTD Price Performance: -0.56%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.46B
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