Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Futaba Industrial Co., Ltd. ( (JP:7241) ) has shared an update.
Futaba Industrial will reduce the capital of its wholly owned Chinese subsidiary, Dongguan Futaba Metal Products Co., Ltd., which manufactures and sells automotive and other vehicle parts in Dongguan, Guangdong, from USD 23.29 million to a planned USD 6.15 million, reflecting surplus funds and no expectation of major future investment needs. As a result of this move, the subsidiary’s share capital will fall below 10% of Futaba’s own capital and it will cease to be a specified subsidiary, although Futaba will retain its 100% equity interest; the company characterizes the step as a capital-efficiency measure with only minimal expected impact on consolidated results for the fiscal year ending March 31, 2026.
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 Japan-based manufacturer listed on the Prime Market of the Tokyo Stock Exchange and the Premier Market of the Nagoya Stock Exchange, operating primarily in the automotive sector through the production and sale of vehicle parts via domestic and overseas subsidiaries.
Average Trading Volume: 195,866
Technical Sentiment Signal: Buy
Current Market Cap: Yen93.05B
Find detailed analytics on 7241 stock on TipRanks’ Stock Analysis page.