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An announcement from Fukoku Co., Ltd. ( (JP:5185) ) is now available.
Fukoku Co., Ltd. and its consolidated subsidiary Fukoku Korea Co., Ltd. have jointly established a new U.S. subsidiary, FKC America, Inc., in Virginia to manufacture and sell industrial rubber products, including damper pulleys and thermally conductive gap fillers for battery-related applications. With equal ownership and capital of USD 7.4 million, the new facility, scheduled to start operations in January 2027, is intended to broaden Fukoku’s product lineup alongside its existing South Carolina base, deepen penetration into the U.S. market, and strengthen the group’s global operational foundation, though the immediate impact on current fiscal-year results is described as immaterial.
The most recent analyst rating on (JP:5185) stock is a Hold with a Yen2190.00 price target. To see the full list of analyst forecasts on Fukoku Co., Ltd. stock, see the JP:5185 Stock Forecast page.
More about Fukoku Co., Ltd.
Fukoku Co., Ltd. is a Japanese manufacturer specializing in industrial rubber products, with a global footprint that includes existing operations such as Fukoku America Inc. in South Carolina. The company supplies components including damper pulleys and other rubber-based parts, and is targeting growth in overseas automotive and battery-related markets, leveraging products already adopted by major automakers such as Hyundai Motor Company.
Average Trading Volume: 37,211
Technical Sentiment Signal: Buy
Current Market Cap: Yen33.09B
Learn more about 5185 stock on TipRanks’ Stock Analysis page.