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Furukawa Electric Co ( (JP:5801) ) has provided an announcement.
Furukawa Electric Co., Ltd. has completed the transfer of all 18,781,200 shares it held in its consolidated subsidiary The Furukawa Battery Co., Ltd. via a share buyback executed by Furukawa Battery. This transaction follows a previously agreed framework under which Furukawa Electric did not participate in a tender offer for Furukawa Battery shares by AP78 Co., Ltd., a vehicle backed by funds associated with Advantage Partners and Tokyo Century, and was structured so that after a share consolidation only Furukawa Electric and AP78 initially remained as shareholders before Furukawa Electric’s full exit. The completion of the share transfer marks Furukawa Electric’s divestment from Furukawa Battery, potentially streamlining its portfolio and shifting control of the battery business to a financial-investor-led ownership structure, which may alter strategic direction and capital allocation within that segment.
The most recent analyst rating on (JP:5801) stock is a Buy with a Yen12092.00 price target. To see the full list of analyst forecasts on Furukawa Electric Co stock, see the JP:5801 Stock Forecast page.
More about Furukawa Electric Co
Furukawa Electric Co., Ltd. is a Japan-based manufacturer listed on the Prime Market of the Tokyo Stock Exchange, with operations spanning electric and electronic components, including batteries through its former consolidated subsidiary The Furukawa Battery Co., Ltd. The company participates in industrial and automotive supply chains, leveraging group subsidiaries to serve domestic and global markets.
Average Trading Volume: 6,788,306
Technical Sentiment Signal: Buy
Current Market Cap: Yen652B
See more data about 5801 stock on TipRanks’ Stock Analysis page.