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Asanuma Corporation ( (JP:1852) ) has provided an announcement.
Asanuma Corporation has decided to close two local subsidiaries in Thailand, Thai Asanuma Holdings Co., Ltd. and Thai Asanuma Construction Co., Ltd., both established in 2021 in Bangkok. The units were engaged in civil engineering and building structure reinforcement using carbon fiber, as well as construction materials sales and general construction work.
Business at the subsidiaries will be suspended on April 30, 2026, and the company expects liquidation procedures to take about one to two years to complete. Asanuma said the move is part of efforts to streamline its operations and indicated that the impact of the closures on its consolidated financial results will be minor, suggesting a limited financial and strategic exposure to these Thai entities.
The most recent analyst rating on (JP:1852) stock is a Hold with a Yen1118.00 price target. To see the full list of analyst forecasts on Asanuma Corporation stock, see the JP:1852 Stock Forecast page.
More about Asanuma Corporation
Asanuma Corporation is a Japanese construction company listed on the Tokyo Stock Exchange Prime Market under code 1852. The group’s activities include general construction, civil engineering and related services, with overseas operations such as subsidiaries in Thailand focused on structural reinforcement using carbon fiber and sales of construction materials.
Average Trading Volume: 455,837
Technical Sentiment Signal: Buy
Current Market Cap: Yen82.88B
For detailed information about 1852 stock, go to TipRanks’ Stock Analysis page.