Toyota Tsusho Corp. (TSE:8015) reported Q-quarter net profit of ¥135.26B, up 37.5% YoY, and raised its full-year net profit forecast to ¥430.00B (EPS ¥458.58), while forming an SPC to develop Namibian heavy rare earth deposits with JOGMEC set to invest up to CAD 47.668M.
Previous Week Recap
- Toyota Tsusho Corp. Q-quarter Net Profit: Toyota Tsusho (8015) Q-quarter net profit ¥135.26B, +37.5% YoY; full-year net profit forecast ¥430.00B (+16.1%) and EPS forecast ¥458.58 per share.
- Toyota Tsusho Corp. Special Purpose Company: Toyota Tsusho (8015) set up a special purpose company to develop heavy rare earth deposits in Namibia; JOGMEC plans to invest up to CAD 47.668 million in the project.
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