TYO:6332

2 stories mentioning TYO:6332Updated 39d ago

Every FINWIRES story that references TYO:6332, newest first.

Tsukishima Postpones Final Agreement for JFE Engineering's Water Pipe Business Integration

Tsukishima (TYO:6332) has agreed to delay signing the final agreement for integrating JFE Engineering's water supply steel pipe business, which was originally planned for around late April, according to a Tokyo bourse filing on Thursday.The water equipment manufacturer said its board of directors resolved on April 23 to postpone the execution of the agreement, determining that further discussions regarding the integration are necessary.Tsukishima stated it will promptly disclose any further developments as they are determined.

TYO:6332

Asia57d ago

Tsukishima Lifts Full-Year Profit Forecast on Backlog Execution and Share Sales

Tsukishima (TYO:6332) now expects full-year profit attributable to owners of parent to reach 16.9 billion yen for the fiscal year ended March 31, up from its previous forecast of 15 billion yen.The water equipment manufacturer raised earnings per share forecasts to 412.43 yen from 380.64 yen initially and net sales estimates to 149 billion yen from 144 billion yen, according to a Tokyo bourse filing on Thursday.The upward revision is driven by progress in executing a substantial backlog of received orders, which has boosted net sales, operating profit, and ordinary profit.Additionally, the company recorded higher extraordinary income from the sale of cross-shareholdings, contributing to the profit increase.As a result, Tsukishima raised its year-end dividend forecast to 43 yen per share from 40 yen per share previously, bringing the total annual dividend to 85 yen per share, higher than the 78 yen paid in the prior fiscal year.

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