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Juki Corporation ( (JP:6440) ) has issued an announcement.
JUKI Corporation has announced a rationalization of its manufacturing base structure as part of its cost structure reform efforts. This initiative, driven by challenging business environments such as U.S. tariff policies and economic downturns in China, involves reducing approximately 310 employees across its group companies in Japan and Vietnam. The restructuring aims to optimize resource allocation and is expected to reduce fixed costs significantly, although it will incur a one-time restructuring cost of 270 million yen, which has already been accounted for in the company’s performance forecasts.
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 manufacturing industry, focusing on industrial equipment technology. The company is known for its production of sewing machines and other industrial equipment, with a market focus that includes both domestic and international operations.
Average Trading Volume: 107,778
Technical Sentiment Signal: Sell
Current Market Cap: Yen12.42B
See more data about 6440 stock on TipRanks’ Stock Analysis page.