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Kameda Seika Co., Ltd. ( (JP:2220) ) has provided an announcement.
Kameda Seika Co., Ltd. has decided to transfer all shares of its subsidiary, Mary’s Gone Crackers, Inc., to Rosseau Incorporated, a subsidiary of Canadian company Dare Foods Limited. This decision comes as part of Kameda’s strategy to focus its resources on growing TH Foods, Inc., another subsidiary, to achieve better synergies. The move is expected to help Kameda strengthen its position in the USA market and align with its long-term goal of becoming a ‘Rice Innovation Company’ by maximizing the potential of rice products.
More about Kameda Seika Co., Ltd.
Kameda Seika Co., Ltd. operates in the food industry, focusing on the production and sale of rice crackers and other snack products. The company is working to expand its presence in the USA, particularly in the health-conscious ‘Better For You’ food market, which emphasizes organic and gluten-free products.
YTD Price Performance: -4.40%
Average Trading Volume: 34,054
Technical Sentiment Signal: Buy
Current Market Cap: Yen83.28B
Find detailed analytics on 2220 stock on TipRanks’ Stock Analysis page.