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KATO WORKS CO., LTD. ( (JP:6390) ) just unveiled an update.
KATO WORKS CO., LTD. has decided to transfer its entire equity interest in its subsidiary, KATO WORKS (CHINA) LTD., to a domestic Chinese company. This decision comes after initially planning to dissolve and liquidate the subsidiary, but a new agreement with a Chinese company has been reached. The transfer is expected to be completed between August and September 2025, and the financial implications will be disclosed if they necessitate a revision of the company’s earnings forecast. The company has also established new liaison offices in China to continue supporting local customers and suppliers.
More about KATO WORKS CO., LTD.
KATO WORKS CO., LTD. operates in the manufacturing industry, focusing on the production and sale of hydraulic excavators and related parts. The company has a significant market presence, particularly in China, where it wholly owns KATO WORKS (CHINA) LTD.
Average Trading Volume: 73,356
Technical Sentiment Signal: Buy
Current Market Cap: Yen14.82B
See more data about 6390 stock on TipRanks’ Stock Analysis page.