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Futaba Industrial Co., Ltd. ( (JP:7241) ) has provided an announcement.
Futaba Industrial Co., Ltd. announced its close affiliation with Toyota Motor Corporation, which holds a 31.4% stake in the company. Despite this significant ownership, Futaba maintains operational independence, negotiating its own sales with Toyota and its group companies. The company’s financial performance is closely tied to Toyota’s sales trends, highlighting both the benefits and risks of this relationship.
More about Futaba Industrial Co., Ltd.
Futaba Industrial Co., Ltd. operates in the automotive industry, primarily producing automotive parts and jig welding machines. The company is an affiliate of Toyota Motor Corporation, which holds a 31.4% stake, and its operations are significantly influenced by Toyota’s sales trends.
Average Trading Volume: 265,150
Technical Sentiment Signal: Buy
Current Market Cap: Yen65.83B
For detailed information about 7241 stock, go to TipRanks’ Stock Analysis page.