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The latest announcement is out from Japan Material Co., Ltd. ( (JP:6055) ).
Japan Material Co., Ltd. has announced the acquisition of all shares of ASKA Electric Co., Ltd., a company specializing in the design and maintenance of satellite and rocket tracking equipment. This acquisition is expected to strengthen Japan Material’s IT capabilities and expand its presence in the growing space business, although it will have an immaterial impact on the group’s financial results.
The most recent analyst rating on (JP:6055) stock is a Hold with a Yen1800.00 price target. To see the full list of analyst forecasts on Japan Material Co., Ltd. stock, see the JP:6055 Stock Forecast page.
More about Japan Material Co., Ltd.
Japan Material Co., Ltd. operates in the electronics and graphics solutions industry, focusing on enhancing its IT-related capabilities through software development and maintenance. The company aims to expand its business domain in the space sector, leveraging its integrated technical services.
Average Trading Volume: 505,351
Technical Sentiment Signal: Sell
Current Market Cap: Yen146.3B
For a thorough assessment of 6055 stock, go to TipRanks’ Stock Analysis page.