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Futaba ( (JP:6986) ) has issued an announcement.
Futaba Corporation has announced a change in the dissolution date of its Chinese subsidiary, FUTABA PRECISION DIE AND MOLD MACHINERY Co., Ltd. The dissolution proceedings are ongoing, and the new date is currently undecided. The company assures that there is no change in the policy regarding the dissolution, and the impact on profit and loss is under scrutiny, with further disclosures to be made if necessary.
More about Futaba
Futaba Corporation operates in the precision machinery industry, focusing on products such as die and mold machinery. The company has a market presence in the Tokyo Prime Market, indicating its significant role in the industry.
YTD Price Performance: -5.49%
Average Trading Volume: 3,075
Technical Sentiment Signal: Strong Buy
Current Market Cap: $153.8M
See more insights into 6986 stock on TipRanks’ Stock Analysis page.