Japan's Fujitsu General slumps 11% on net loss forecast

Fujitsu General

25/10/2024 02:43

** Shares of Fujitsu General  6755.T  tumbled more than 11% to
a more than two-month low
    ** Japanese air-conditioning manufacturer on Thursday
revised its annual net profit forecast of a 6 billion yen profit
to a 7 billion loss 
    ** Stock last down 11.36% at 1,728 yen
    ** Reuters reported in January 2023 that computer maker 
Fujitsu launched an auction process for Fujitsu General, which
had a market value of 390 billion yen ($2.57 billion) then,
compared with the current value of around 190 billion yen
    ** The stock had hit a record high of 4,005 yen in April
2023 after reports of the sale of the company by its parent
Fujitsu  6702.T 
    ** Bloomberg News reported in May 2023 Fujitsu General's
sale was said to have stalled
    
    ($1 = 152.0100 yen)

 (Reporting by Junko Fujita)
 ((junko.fujita@thomsonreuters.com;))