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i-mobile Co., Ltd. Announces Strategic Company Split to Focus on Core Business

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i-mobile Co., Ltd. Announces Strategic Company Split to Focus on Core Business

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i-mobile Co., Ltd. ( (JP:6535) ) has issued an update.

i-mobile Co., Ltd. has announced a strategic move to transfer its electricity retailing business to a newly established wholly-owned subsidiary, Furunavi Energy, Inc., through a simplified absorption-type company split. This decision aims to streamline operations and focus on advancing their core business segments, potentially impacting their market positioning by allowing more dedicated resources and management to the electricity sector.

More about i-mobile Co., Ltd.

i-mobile Co., Ltd. operates in the Consumer Service and Online Advertising sectors, focusing on enhancing user experience through internet marketing. The company offers a variety of services including a Hometown Tax Donation platform, travel, restaurant PR, loyalty points services, ad network, influencer marketing, agency services, media solutions, and app operations.

YTD Price Performance: 8.13%

Average Trading Volume: 197,318

Technical Sentiment Signal: Sell

Current Market Cap: Yen31.27B

For an in-depth examination of 6535 stock, go to TipRanks’ Stock Analysis page.

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