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Juki Corporation ( (JP:6440) ) has issued an update.
Juki Corporation has announced a rationalization of its manufacturing base structure as part of its cost structure reform efforts. This move, driven by challenging global economic conditions, involves a reduction of 209 personnel across its manufacturing bases in Japan and China, resulting in structural reform costs of approximately 310 million yen. The company expects fixed cost reductions of 150 million yen in fiscal year 2025 and 600 million yen annually from 2026 onwards, with these costs already factored into the earnings forecast.
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 the production of sewing machines and other industrial equipment. The company has a significant market presence in both domestic and international markets, with manufacturing bases in Japan and China.
Average Trading Volume: 105,117
Technical Sentiment Signal: Hold
Current Market Cap: Yen13.3B
For an in-depth examination of 6440 stock, go to TipRanks’ Overview page.