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Alps Alpine Co ( (JP:6770) ) has provided an update.
Alps Alpine has decided to dissolve its capital and business alliance with automotive instrument maker Nippon Seiki Co., Ltd. and shift the relationship to a pure business alliance, effective January 28, 2026. The move is driven by corporate governance priorities, particularly the reduction of cross-shareholdings, with Alps Alpine planning to sell its 3,000,000 Nippon Seiki shares on the market and Nippon Seiki likewise intending to sell its 2,600,000 Alps Alpine shares. Despite unwinding the mutual equity stakes, both companies will maintain their collaboration on integrated cockpit products and aim to continue working together to enhance their corporate value, signaling that operational cooperation in their shared automotive technology domain will continue without the capital tie.
The most recent analyst rating on (JP:6770) stock is a Hold with a Yen2281.00 price target. To see the full list of analyst forecasts on Alps Alpine Co stock, see the JP:6770 Stock Forecast page.
More about Alps Alpine Co
Alps Alpine Co., Ltd., listed on the TSE Prime Market, operates in the electronics and automotive components industry, supplying devices and systems such as integrated cockpit products for car manufacturers and related sectors. The company focuses on enhancing competitiveness and customer value through technology-driven partnerships and alliances with automotive instrument and control-system makers.
Average Trading Volume: 1,287,701
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen383.9B
For an in-depth examination of 6770 stock, go to TipRanks’ Overview page.