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Cosel Co., Ltd. ( (JP:6905) ) has provided an announcement.
Cosel Co., Ltd. has resolved to dissolve and liquidate its wholly owned, non-consolidated subsidiary COSEL VIETNAM CO., LTD., which has been manufacturing and selling transformers and other electronic components for the group since its establishment in 2015. The move is part of Cosel’s efforts to optimize group management and strengthen its supply chain structure, and while the Vietnamese unit holds modest assets and capital, the company expects the impact on its consolidated financial results for the current fiscal year to be immaterial, with the dissolution proceeding in line with Vietnamese legal procedures and any further material developments to be disclosed as needed.
The most recent analyst rating on (JP:6905) stock is a Hold with a Yen1285.00 price target. To see the full list of analyst forecasts on Cosel Co., Ltd. stock, see the JP:6905 Stock Forecast page.
More about Cosel Co., Ltd.
Cosel Co., Ltd. is a Japan-based manufacturer listed on the Tokyo Stock Exchange Prime Market that specializes in electronic components, notably power-related products, with group operations that include overseas manufacturing of key parts such as transformers to support its global supply chain.
Average Trading Volume: 113,588
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen48.7B
For a thorough assessment of 6905 stock, go to TipRanks’ Stock Analysis page.