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
The latest update is out from Denka Co ( (JP:4061) ).
Denka will acquire Daicel Corporation’s 15% stake in Toyo Styrene, turning the joint venture polystyrene producer into a consolidated, specified subsidiary as it exits the co-investment and shutters Toyo Styrene’s Hirohata Plant. For a transition period, Toyo Styrene will continue outsourcing production to Daicel to sustain product supply while the ownership shift is implemented.
The move is designed to speed up decision-making at Toyo Styrene and enable Denka to tightly integrate its styrene-based operations, restructure production, and respond to shrinking domestic demand and rising imports, especially from China. By absorbing Toyo Styrene’s manufacturing and recycling know-how and jointly operating its Chiba chemical recycling facility, Denka aims to optimize the value chain, bolster its resource-circulation business, and reinforce its positioning amid global pressure to cut plastic waste and carbon emissions.
The most recent analyst rating on (JP:4061) stock is a Hold with a Yen3863.00 price target. To see the full list of analyst forecasts on Denka Co stock, see the JP:4061 Stock Forecast page.
More about Denka Co
Denka Company Limited is a Japanese chemical manufacturer listed on the Prime Market, with a portfolio spanning styrene-based materials and advanced environmental solutions. Through its group operations, it focuses on developing and supplying resins, specialty chemicals, and recycling technologies aimed at enhancing competitiveness and supporting resource-circulation initiatives.
YTD Price Performance: 29.03%
Average Trading Volume: 847,879
Technical Sentiment Signal: Buy
Current Market Cap: Yen305.1B
See more data about 4061 stock on TipRanks’ Stock Analysis page.