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Hulic Co. Adjusts Subsidiary Status with Minimal Financial Impact

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Hulic Co. Adjusts Subsidiary Status with Minimal Financial Impact

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Hulic Co ( (JP:3003) ) just unveiled an update.

Hulic Co., Ltd. announced that its wholly-owned subsidiary, Nishi Tokyo Asset LCC, will be excluded from its consolidation scope, becoming a non-consolidated subsidiary. This change follows the sale of real estate by Nishi Tokyo Asset LCC, resulting in the refund of Hulic’s investment. The impact on Hulic’s financial performance is expected to be minor, with no changes to the earnings forecast for the fiscal year ending December 2025.

The most recent analyst rating on (JP:3003) stock is a Hold with a Yen1610.00 price target. To see the full list of analyst forecasts on Hulic Co stock, see the JP:3003 Stock Forecast page.

More about Hulic Co

Hulic Co., Ltd. operates in the real estate industry, focusing on the acquisition, ownership, disposal, leasing, and management of real estate properties and trust beneficiary rights. The company is based in Tokyo, Japan, and is listed on the Prime Market with securities code 3003.

Average Trading Volume: 2,354,495

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen1100.5B

For detailed information about 3003 stock, go to TipRanks’ Stock Analysis page.

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