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Isuzu Corrects Capital Figure for New Equity-Method Affiliate

Story Highlights
  • Isuzu Motors corrected a disclosure about a subsidiary becoming an equity-method affiliate.
  • The company revised the yen conversion of the affiliate’s capital to reflect its true scale for stakeholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Isuzu Corrects Capital Figure for New Equity-Method Affiliate

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Isuzu Motors ( (JP:7202) ) has provided an update.

Isuzu Motors has corrected previously disclosed information regarding a change in the status of a consolidated subsidiary that is becoming an equity-method affiliate, specifically revising an error in the Japanese yen conversion of the subsidiary’s share capital. The capital amount remains USD 324.26 million, but the yen equivalent has been corrected from JPY 4,539.64 million to JPY 45,396.4 million, clarifying the scale of the affiliated company and ensuring more accurate financial and investment information for stakeholders.

The most recent analyst rating on (JP:7202) stock is a Buy with a Yen2500.00 price target. To see the full list of analyst forecasts on Isuzu Motors stock, see the JP:7202 Stock Forecast page.

More about Isuzu Motors

Isuzu Motors Limited is a Japan-based automotive manufacturer specializing in commercial vehicles, trucks, and diesel engines, with its shares listed on the Tokyo Stock Exchange Prime Market. The company plays a significant role in the global commercial transportation sector, supplying vehicles and related technologies to markets worldwide.

Average Trading Volume: 2,987,234

Technical Sentiment Signal: Buy

Current Market Cap: Yen1749.8B

See more insights into 7202 stock on TipRanks’ Stock Analysis page.

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