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Hokuriku Electric Power Company ( (JP:9505) ) has provided an update.
Hokuriku Electric Power Company announced changes in its subsidiary structure, with HOKURIKU ELECTRICAL CONSTRUCTION CO., LTD. becoming an equity-method affiliate due to a stock benefit trust scheme involving 350,000 treasury shares. This shift impacts the company’s voting rights and results in Hokko Shoji Co., Ltd. and NIKKEN Corporation no longer being consolidated subsidiaries or equity-method affiliates, potentially affecting the company’s operational dynamics and market positioning.
The most recent analyst rating on (JP:9505) stock is a Hold with a Yen772.00 price target. To see the full list of analyst forecasts on Hokuriku Electric Power Company stock, see the JP:9505 Stock Forecast page.
More about Hokuriku Electric Power Company
Hokuriku Electric Power Company operates in the energy sector, primarily focusing on electricity generation and distribution. The company is involved in various aspects of electrical contracting, air conditioning, plumbing, and telecommunications work through its subsidiaries.
Average Trading Volume: 1,255,487
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen189B
Learn more about 9505 stock on TipRanks’ Stock Analysis page.