TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Juki Corporation ( (JP:6440) ) has shared an announcement.
JUKI Corporation announced the transfer of all shares of its subsidiary, JUKI Metal Corporation, to NOZUK Holdings Corporation. This decision is part of JUKI’s strategy to enhance its sewing machine business by leveraging NOZUK’s expertise in machining, combined with JUKI Metal’s casting technology. The transfer will result in JUKI Metal being excluded from JUKI’s consolidated subsidiaries and will incur an extraordinary loss of 520 million yen, although it will not affect the company’s 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, primarily focusing on sewing machines and related components. The company has a global market presence and aims to expand its operations by localizing parts production.
Average Trading Volume: 107,778
Technical Sentiment Signal: Sell
Current Market Cap: Yen12.42B
For a thorough assessment of 6440 stock, go to TipRanks’ Stock Analysis page.