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Aichi Corporation ( (JP:6345) ) has issued an update.
Aichi Corporation announced changes in its controlling shareholder structure, as Toyota Industries Corporation transferred shares, reducing its stake and ceasing to be the parent company. This shift resulted in ITOCHU Corporation becoming a significant associated company, holding a substantial portion of shares. Aichi Corporation continues to ensure independent operations and decision-making, with measures in place to protect minority shareholders and assess transactions with controlling shareholders for fairness.
More about Aichi Corporation
Aichi Corporation operates in the industrial vehicles sector, focusing primarily on aerial work platforms. The company is positioned within the broader industrial vehicles business, which includes manufacturing and sales of textile machinery, industrial vehicles, and automobile parts. Despite being part of a corporate group with Toyota Industries Corporation, Aichi Corporation maintains its independence in decision-making and operations.
Average Trading Volume: 355,550
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen100B
See more insights into 6345 stock on TipRanks’ Stock Analysis page.