V-cube, Inc. (JP:3681) has released an update.
V-cube, Inc. has announced significant discrepancies between its earlier financial forecasts and the actual results for the first half of fiscal year 2024, citing an extraordinary loss due to impairment and a reversal of deferred tax assets. The company also reported a deviation from projected net sales and a considerable drop in operating profit, attributed to exchange rate fluctuations and delayed projects. In response to these developments, V-cube has revised its full-year financial forecasts.
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