FilingReader Intelligence

Resonac earnings exceed forecasts, announces extraordinary loss

February 20, 2025 at 07:06 PM UTCBy FilingReader AI

Resonac Holdings Corporation (TSE:4004) announced a significant difference between its previously forecasted consolidated financial results for the year ended December 31, 2024, and the actual figures. Net sales reached ¥1,389.3 billion, operating income totaled ¥78.8 billion, and ordinary income surged to ¥69.7 billion, exceeding earlier projections. Net income attributable to owners of the parent rose to ¥55.4 billion, or ¥306.59 per share. The company attributes the increased ordinary income to gains from foreign exchange due to a weaker yen. Despite the improved earnings, Resonac also announced an extraordinary loss related to its graphite electrode business, resulting in ¥12.3 billion impairment loss in Malaysia and ¥9.5 billion impairment loss in Omachi, Nagano Prefecture. This loss stemmed from a deterioration in the business environment.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

TSE:4004Tokyo Stock Exchange

News Alerts

Get instant email alerts when Showa Denko Kk publishes news

Free account required • Unsubscribe anytime

Filing Activity Timeline

View Complete Filing History →