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The latest update is out from IHI ( (JP:7013) ).
IHI Corporation’s subsidiary, IHI Transport Machinery, was found to have violated Japan’s Antimonopoly Act, leading to cease and desist orders from the Japan Fair Trade Commission. The company has taken steps to address the issue, including applying for leniency, cooperating with the investigation, and implementing measures to prevent future violations. Executives have voluntarily returned a portion of their remuneration as a gesture of accountability.
More about IHI
IHI Corporation operates in the industrial sector, focusing on manufacturing and distributing mechanical parking systems and other industrial machinery. The company is headquartered in Tokyo, Japan, and is known for its engineering and manufacturing capabilities.
YTD Price Performance: 5.84%
Technical Sentiment Signal: Sell
Current Market Cap: $11.28B
For a thorough assessment of 7013 stock, go to TipRanks’ Stock Analysis page.