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Unipres Revises FY2024 Forecasts Amid Anticipated Losses

Story Highlights
  • Unipres revises its FY2024 forecast due to expected losses in China and US subsidiaries.
  • Despite forecasted income decline, Unipres maintains its year-end dividend forecast.
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Unipres Revises FY2024 Forecasts Amid Anticipated Losses

Unipres ( (JP:5949) ) has issued an announcement.

Unipres Corporation has announced a revision in its business results forecast for FY2024, ending March 31, 2025, due to anticipated extraordinary losses at its subsidiaries in China and the US. Despite maintaining net sales, operating income, and ordinary income forecasts, the net income attributable to owners of the parent is expected to decline significantly by 21 billion yen. The company plans to maintain its year-end dividend forecast, supported by strong business performance excluding these extraordinary losses.

More about Unipres

Unipres Corporation operates in the manufacturing industry, primarily focusing on automotive parts production. The company is listed on the Tokyo Stock Exchange and is known for its focus on enhancing dividend levels.

Learn more about 5949 stock on TipRanks’ Stock Analysis page.

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