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The latest announcement is out from Juki Corporation ( (JP:6440) ).
JUKI Corporation has decided to terminate its joint venture with Mitsubishi Electric Corporation by acquiring all shares of JUKI Techno-Solutions Corporation, making it a wholly-owned subsidiary. This move aims to enhance management resource fluidity, strengthen agility, and improve operational efficiency while maintaining close business collaboration with Mitsubishi Electric. The impact on the company’s performance is expected to be minor.
The most recent analyst rating on (JP:6440) stock is a Hold with a Yen434.00 price target. To see the full list of analyst forecasts on Juki Corporation stock, see the JP:6440 Stock Forecast page.
More about Juki Corporation
JUKI Corporation operates in the industrial sewing machine sector, focusing on non-apparel industries such as automotive. The company is known for its development, design, sales, and after-sales service of industrial sewing machines.
Average Trading Volume: 107,778
Technical Sentiment Signal: Sell
Current Market Cap: Yen12.42B
For detailed information about 6440 stock, go to TipRanks’ Stock Analysis page.