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Kitanotatsujin Corp. ( (JP:2930) ) has provided an update.
Kitanotatsujin Corporation has decided to invest in Live Commerce Japan Co., Ltd. by subscribing to a third‑party allotment of new shares, aiming to strengthen its position in the emerging live commerce segment of Japan’s e‑commerce market. Management believes that combining Live Commerce Japan’s end‑to‑end live commerce expertise and proven “winning patterns” developed in China with Kitanotatsujin’s product development and marketing assets will help secure a leading position in Japanese live commerce, expand new customer acquisition, and enhance corporate value over the medium to long term, although the immediate impact on current fiscal results is expected to be limited.
The most recent analyst rating on (JP:2930) stock is a Buy with a Yen165.00 price target. To see the full list of analyst forecasts on Kitanotatsujin Corp. stock, see the JP:2930 Stock Forecast page.
More about Kitanotatsujin Corp.
Kitanotatsujin Corporation operates a health and beauty care business, selling original-brand cosmetics, health foods and beauty appliances primarily via the internet. The company focuses on products that address specific beauty and health issues, applying strict quality standards for online sales to promote high-quality items suitable for continuous use, and targets Japan’s expanding e-commerce market.
Average Trading Volume: 510,710
Technical Sentiment Signal: Sell
Current Market Cap: Yen20.01B
See more data about 2930 stock on TipRanks’ Stock Analysis page.