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East Japan Railway Company ( (JP:9020) ) has shared an announcement.
East Japan Railway Company announced a business succession through a simplified absorption-type company split, transferring its land development and sales business to its wholly-owned subsidiary, JR East Real Estate Co., Ltd. This move aims to enhance the growth of the Group by accelerating the liquidation of real estate for growth investment, particularly in the real estate sales sector, thereby strengthening the company’s strategic positioning in the real estate market.
The most recent analyst rating on (JP:9020) stock is a Buy with a Yen4566.00 price target. To see the full list of analyst forecasts on East Japan Railway Company stock, see the JP:9020 Stock Forecast page.
More about East Japan Railway Company
East Japan Railway Company operates primarily in the passenger railway industry and engages in various other businesses. It is listed on the Tokyo Stock Exchange and is known for its extensive railway network in East Japan. The company is also involved in real estate through its subsidiary, JR East Real Estate Co., Ltd., which focuses on developing and managing properties.
Average Trading Volume: 2,560,101
Technical Sentiment Signal: Buy
Current Market Cap: Yen4577.5B
For detailed information about 9020 stock, go to TipRanks’ Stock Analysis page.