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Hikari Tsushin, Inc. ( (JP:9435) ) has provided an update.
Hikari Tsushin, Inc. has disclosed that a consolidated subsidiary has filed a tax lawsuit with the Tokyo District Court after Japan’s tax authorities disallowed part of Intea Holdings, Inc.’s tax loss carryforwards related to past corporate reorganization transactions, leading to the payment of approximately JPY 2.1 billion in additional taxes. Following the dismissal of its appeal by the National Tax Tribunal, the group is now seeking judicial revocation of the tax correction, maintaining that its reorganizations and tax treatments were lawful and properly advised, while also rejecting media allegations of abusing the consolidated taxation system and emphasizing its continued commitment to legal compliance and appropriate tax payment.
The most recent analyst rating on (JP:9435) stock is a Buy with a Yen48789.00 price target. To see the full list of analyst forecasts on Hikari Tsushin, Inc. stock, see the JP:9435 Stock Forecast page.
More about Hikari Tsushin, Inc.
Hikari Tsushin, Inc. is a Japan-based corporate group listed on the Tokyo Stock Exchange Prime Market that operates diversified businesses, including telecommunications-related services and other corporate solutions, primarily targeting domestic enterprises. Through its subsidiaries and affiliates, the group leverages corporate reorganizations and consolidated taxation structures as part of its broader business and financial management strategy.
Average Trading Volume: 97,975
Technical Sentiment Signal: Buy
Current Market Cap: Yen1899B
For a thorough assessment of 9435 stock, go to TipRanks’ Stock Analysis page.