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The latest update is out from Koito Manufacturing Co ( (JP:7276) ).
Koito Manufacturing Co., Ltd. has announced its relationship with Toyota Motor Corporation, which holds a 22.7% voting stake in the company. While Toyota is a significant shareholder, Koito remains independent in its operations, with no business restrictions imposed by Toyota. Sales to Toyota account for 13.0% of Koito’s total sales, indicating a notable impact of Toyota’s automobile sales trends on Koito’s financial performance.
More about Koito Manufacturing Co
Koito Manufacturing Co., Ltd. operates in the automotive industry, primarily focusing on the production of automotive lighting equipment. The company is positioned as an independent entity within the corporate group of Toyota Motor Corporation, which holds a 22.7% stake in Koito. Despite this affiliation, Koito maintains operational independence and conducts its own business activities.
YTD Price Performance: 0.24%
Average Trading Volume: 200
Technical Sentiment Signal: Strong Buy
Current Market Cap: $3.73B
See more data about 7276 stock on TipRanks’ Stock Analysis page.