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MITSUBISHI ESTATE, operating profit for the year ending March 25 increased by 11.0%, reaching 309.2 billion yen, and Financial Estimates for the year ending March 26 predict a 5.1% increase to 325 billion yen.
MITSUBISHI ESTATE <8802> announced its performance for the fiscal year ending March 2025, with operating revenue increasing by 5% year-on-year to 1 trillion 579.8 billion 12 million yen and operating profit rising by 11% to 309.2 billion 32 million yen. In the commercial real estate business, revenues increased for office buildings, commercial facilities, outlet malls, hotels, and real estate sales. For the fiscal year ending March 2026, operating revenue is projected to increase by 17.1% year-on-year to 1 trillion 850 billion yen, and operating profit is expected to rise by 5.1% to 325 billion yen. [Positive evaluation]
Toda Kogyo: Notice regarding the recording of inventory valuation losses, recording of non-operating expenses, recording of extraordinary losses, and revisions to full-year consolidated earnings forecasts
Toda Kogyo Corp Sees Wider FY Net Loss at Y3.56B
China's CATL reveals the latest EV Battery, capable of traveling 520 kilometers with a 5-minute charge.
At the "Tech Day" held in Shanghai, China's CATL showcased an EV Battery that can travel up to 520 kilometers with a five-minute charge. China’s largest EV manufacturer BYD announced an in-vehicle system in March that can travel approximately 400 kilometers with a five-minute charge. <7203> Toyota <6758> Sony Group Corp <6752> Panasonic HD <3407> Asahi Kasei <4204>
Toda Kogyo plans to record a special loss for the fiscal year ending March 2025.
TODA INDUSTRIES <4100> announced on the 19th that it plans to recognize a special loss for the fiscal year ending in March 2025. The company expects that the demand for materials for copiers and printers, which is part of its regeneration and transformation business, has decreased more than anticipated, leading to a continuous negative impact on its operating profit and loss. In response, the company reassessed the future recoverability of its business and shared assets it holds under the 'Accounting Standards for Impairment of Fixed Assets,' resulting in an impairment loss of approximately 0.5 billion yen.
Toda Factory --- Dissolution and liquidation of subsidiary.
TODA Industries <4100> announced on the 19th that it will dissolve its subsidiary, TODA Advanced Materials Inc. (TAM), located in Canada, and proceed with liquidation. TAM has been manufacturing and selling materials for lithium-ion batteries (LIB) and has built a production system in response to the growth of the EV market. However, sales have stunk due to the slowdown in the growth of the EV market and the decline of existing products. The company considered regeneration through collaboration, but ultimately abandoned the idea as investment was postponed due to the market environment.
