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Hitachi Zosen Corporation ( (JP:7004) ) has provided an update.
Kanadevia Corporation has announced its decision to transfer all issued shares of its wholly-owned subsidiary, H&F Corporation, to AMADA CO., LTD. This strategic move is aimed at leveraging AMADA’s sales network and processing expertise, thereby enhancing H&F’s market positioning and corporate value. By aligning H&F’s large press machines with AMADA Group’s small to medium press machines, the company anticipates substantial expansion in its product lineup and customer bases. This transaction will lead to the recording of extraordinary income in Kanadevia’s financial results for the fiscal year ending March 2026.
More about Hitachi Zosen Corporation
YTD Price Performance: 0.30%
Average Trading Volume: 721,313
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen166.5B
For a thorough assessment of 7004 stock, go to TipRanks’ Stock Analysis page.