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The latest update is out from Hino Motors ( (JP:7205) ).
Hino Motors’ board has approved definitive agreements with ARTS-4 Inc., a SPARX Group–backed vehicle, and SAWAFUJI ELECTRIC under which Hino will not tender its shares in SAWAFUJI ELECTRIC into a takeover bid and SAWAFUJI will instead be taken private and made a wholly owned subsidiary of ARTS-4. The transaction, implemented via share consolidation and a treasury share acquisition following the tender offer, will remove SAWAFUJI ELECTRIC from Hino’s equity-method affiliates, while Hino expects the new ownership structure and SPARX’s support through the Japan Monozukuri Mirai Fund and Toyota Production System know-how to strengthen SAWAFUJI’s production and management systems, accelerate its development of technologies for electrified power sources and fuel cells, and ultimately enhance its corporate value and ability to supply high-quality, cost-competitive products to the Hino group.
The most recent analyst rating on (JP:7205) stock is a Hold with a Yen390.00 price target. To see the full list of analyst forecasts on Hino Motors stock, see the JP:7205 Stock Forecast page.
More about Hino Motors
Hino Motors, Ltd. is a Japanese commercial vehicle manufacturer that focuses on trucks and buses and is working to advance CASE technologies, including powertrain electrification and fuel cell systems, as part of a broader push toward carbon neutrality and a sustainable society. The company relies on key suppliers such as SAWAFUJI ELECTRIC to support its technology roadmap and product quality in these areas.
Average Trading Volume: 3,930,976
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen221B
Learn more about 7205 stock on TipRanks’ Stock Analysis page.