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Frontier Management, Inc. ( (JP:7038) ) has shared an update.
Frontier Management Inc. announced the completion of its acquisition of HobbyLink Japan Ltd. through its subsidiary, Frontier Capital Inc. The acquisition cost was revised from 2.3 billion yen to 2 billion yen, and the company plans to issue new shares through a third-party allotment, maintaining HobbyLink Japan as a consolidated subsidiary. This strategic move is expected to impact Frontier Management’s consolidated results for the fiscal year ending December 2025.
More about Frontier Management, Inc.
Frontier Management Inc. operates in the financial industry, focusing on investment and management services. The company is involved in strategic acquisitions to enhance its market position and expand its portfolio.
YTD Price Performance: -8.80%
Average Trading Volume: 92,444
Technical Sentiment Consensus Rating: Buy
Current Market Cap: Yen7.66B
For a thorough assessment of 7038 stock, go to TipRanks’ Stock Analysis page.