Alps Alpine Co (JP:6770) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Alps Alpine Co., Ltd. has made a strategic decision to transfer its power inductor business to Delta Electronics (Japan), Inc. as part of an absorption-type demerger, expected to take effect from January 6, 2025. This move aims to enhance corporate value and focus on core businesses, believing that Delta Electronics’s leadership in power supply products and economies of scale will help maximize growth opportunities. The transfer aligns with Alps Alpine’s goal to achieve a P/B ratio of 1x or more by FY2027.
For further insights into JP:6770 stock, check out TipRanks’ Stock Analysis page.