Kurita Water Industries (TYO:6370) cut its business forecast for the fiscal year ended March 31, primarily due to impairment losses, according to its Tokyo bourse filing on Monday.
The company now expects a lower attributable profit of 20.3 billion yen or 180.61 yen per share from 34.5 billion yen or 306.81 yen per share previously.
The company expects record impairment losses of 16.5 billion yen for Pentagon Technologies Group, and 2.5 billion yen for Kurita Fracta Holdings, both consolidated subsidiaries.
Pentagon Technologies' lower-than-expected revenue is attributed to low capacity utilization at major customer's semiconductor plants and changes to their construction plans. Fracta's inability to achieve expected revenue is due to delays in establishing its business structure.
Despite these revisions, the dividend forecast remains unchanged.
Price (JPY): $4752.00, Change: $-17, Percent Change: -0.36%
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。