Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
DaikyoNishikawa Corp. ( (JP:4246) ) has shared an update.
DaikyoNishikawa Corporation has approved a secondary offering of up to 11,625,200 existing shares of its common stock to be sold by several major shareholders, including Nishikawa Rubber, Mitsui & Co., Mitsubishi Corporation Plastics, Sumitomo Shoji Chemicals, The Hiroshima Bank, and Mazda Motor Corporation, via an underwritten transaction on the Tokyo Stock Exchange. In parallel, the company will conduct a secondary offering of up to 1,743,700 additional shares through over-allotment, with the lead manager borrowing shares from certain shareholders to stabilize market demand and pricing, a move that is expected to broaden the stock’s free float and liquidity without raising new capital for the issuer itself, while slightly diluting the influence of existing large shareholders.
The most recent analyst rating on (JP:4246) stock is a Buy with a Yen802.00 price target. To see the full list of analyst forecasts on DaikyoNishikawa Corp. stock, see the JP:4246 Stock Forecast page.
More about DaikyoNishikawa Corp.
DaikyoNishikawa Corporation is a Japan-based manufacturer listed on the Tokyo Stock Exchange Prime Market, operating in the industrial and automotive components sector and supplying plastic and related parts to major clients including Mazda Motor Corporation and various trading houses and financial institutions.
Average Trading Volume: 109,059
Technical Sentiment Signal: Buy
Current Market Cap: Yen54.9B
For a thorough assessment of 4246 stock, go to TipRanks’ Stock Analysis page.