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East Japan Railway Company ( (JP:9020) ) just unveiled an announcement.
East Japan Railway Company announced the conversion of LUMINE Co., Ltd. and JR East Department Store Co., Ltd. into wholly-owned subsidiaries through a simplified share exchange. This strategic move aims to enhance the group’s management structure under its ‘Move Up’ 2027 vision, improving efficiency and corporate value by integrating its shopping and retail operations more closely.
More about East Japan Railway Company
East Japan Railway Company operates in the transportation industry, primarily offering railway transportation services. It also engages in the shopping center and retail business through subsidiaries like LUMINE Co., Ltd. and JR East Department Store Co., Ltd., with a focus on integrating multiple shopping centers and station buildings in Japan and expanding in Asia.
YTD Price Performance: 7.40%
Average Trading Volume: 307
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $20.7B
See more data about 9020 stock on TipRanks’ Stock Analysis page.
