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Futaba Industrial Co., Ltd. ( (JP:7241) ) has provided an announcement.
Futaba Industrial will inject USD 20.5 million (about ¥3.1 billion) into its Chinese subsidiary Tianjin Shuang Shye Mechanical Industrial, raising the unit’s capital to USD 27 million and making it a specified subsidiary as its capital will exceed 10% of the parent’s. The move is aimed at eliminating excess liabilities at Tianjin Shuang Shye, which ceased production in 2025 following consolidation of operations into another Tianjin plant and is now being prepared for liquidation, and the company expects no material impact on consolidated financial results while it concurrently pursues capital optimization measures at other Chinese subsidiaries.
The most recent analyst rating on (JP:7241) stock is a Hold with a Yen1145.00 price target. To see the full list of analyst forecasts on Futaba Industrial Co., Ltd. stock, see the JP:7241 Stock Forecast page.
More about Futaba Industrial Co., Ltd.
Futaba Industrial Co., Ltd. is a Japanese manufacturer listed on the Prime Market of the Tokyo Stock Exchange and the Premier Market of the Nagoya Stock Exchange, focusing on the manufacture and sale of automotive and other vehicle parts through a network of domestic and overseas subsidiaries, including multiple production bases in China.
Average Trading Volume: 195,866
Technical Sentiment Signal: Buy
Current Market Cap: Yen93.05B
See more insights into 7241 stock on TipRanks’ Stock Analysis page.