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Fuji Media Holdings ( (JP:4676) ) has issued an update.
Fuji Media Holdings has announced the recognition of an extraordinary gain of approximately 18.3 billion yen from the sale of investment securities, as part of its strategy to reduce cross-shareholdings. This move aligns with the company’s medium-term vision to enhance growth and capital efficiency, with a target to reduce cross-shareholdings to less than 20% of net assets by fiscal year 2030, reflecting a strategic shift in capital allocation and profitability enhancement.
More about Fuji Media Holdings
Fuji Media Holdings, Inc. operates in the media industry, focusing on broadcasting, production, and distribution of television content. The company is primarily engaged in providing a wide range of media services and entertainment content, with a market focus on enhancing growth and improving capital profitability.
YTD Price Performance: 62.97%
Average Trading Volume: 3,050
Technical Sentiment Signal: Sell
Current Market Cap: $4.65B
For a thorough assessment of 4676 stock, go to TipRanks’ Stock Analysis page.