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The latest announcement is out from Juki Corporation ( (JP:6440) ).
Juki Corporation has announced a strategic financial maneuver involving the establishment of a trust for its fixed assets, specifically its headquarters, and the subsequent transfer of the beneficiary rights in trust. This move is part of the company’s five-year plan aimed at enhancing financial stability by improving cash flow and reducing inventories. By employing a sale and leaseback method, Juki aims to bolster its cash reserves, thereby strengthening its financial base without significantly impacting its consolidated financial performance for the current fiscal year.
More about Juki Corporation
Juki Corporation operates in the manufacturing industry, primarily focusing on industrial sewing machines and systems. The company is known for its innovative solutions in the sewing and assembly sectors, catering to a global market with a strong emphasis on technological advancement and efficiency.
Average Trading Volume: 107,222
Technical Sentiment Signal: Sell
Current Market Cap: Yen11.22B
For detailed information about 6440 stock, go to TipRanks’ Stock Analysis page.