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IR Japan Holdings Ltd. ( (JP:6035) ) just unveiled an update.
IR Japan Holdings, Ltd. announced that its consolidated subsidiary IR Japan, Inc. has secured a second consecutive legal victory after the Tokyo High Court rejected an appeal brought by Asia Development Capital Co., Ltd. and Asia Investment Fund Co., Ltd., which had sought approximately ¥1.68 billion in damages over alleged misuse of confidential information. The appellate court upheld the earlier Tokyo District Court ruling, finding that IR Japan, Inc. did not owe the claimed duties of care to the plaintiffs and had not breached any such obligations, fully dismissing all claims and assigning appeal costs to the appellants; the company stated that the judgment is fair and appropriate and confirmed that the outcome will have no impact on its business performance, effectively removing a major legal overhang for stakeholders.
The most recent analyst rating on (JP:6035) stock is a Hold with a Yen908.00 price target. To see the full list of analyst forecasts on IR Japan Holdings Ltd. stock, see the JP:6035 Stock Forecast page.
More about IR Japan Holdings Ltd.
IR Japan Holdings, Ltd. operates in Japan’s financial and capital markets services industry through its subsidiary IR Japan, Inc., providing advisory and consulting services related to investor relations, shareholder relations, and corporate governance for listed companies and investment funds.
Average Trading Volume: 65,386
Technical Sentiment Signal: Sell
Current Market Cap: Yen14.32B
See more insights into 6035 stock on TipRanks’ Stock Analysis page.