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An announcement from Hokuto Corporation ( (JP:1379) ) is now available.
Hokuto Corporation has identified a thermal runaway in a lithium-ion battery as the cause of a fire at its Ueda First Mushroom Center, leading to the complete destruction of a work building. The company is actively reconstructing the facility with a capital investment of approximately ¥3.6 billion, aiming to resume production by early November 2025, with minimal expected impact on its financial results.
More about Hokuto Corporation
Hokuto Corporation operates in the agricultural industry, specializing in the production and distribution of mushrooms, particularly Bunashimeji mushrooms. The company is listed on the Tokyo Stock Exchange Prime Market and focuses on maintaining robust production capabilities to meet market demands.
Average Trading Volume: 66,074
Technical Sentiment Signal: Buy
Current Market Cap: Yen56.22B
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