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Koito Manufacturing Co ( (JP:7276) ) just unveiled an announcement.
Koito Manufacturing Co., Ltd. has announced a restructuring of its production system in China due to declining sales from Japanese automobile manufacturers, its primary customers, amidst rising competition from local Chinese EV manufacturers. The company plans to dissolve Fuzhou Koito and transfer signal lamp production from Hubei Koito to Guangzhou Koito and Koito Kyushu Limited, aiming to improve operating rates and profitability while minimizing impacts on employees and stakeholders.
The most recent analyst rating on (JP:7276) stock is a Sell with a Yen1800.00 price target. To see the full list of analyst forecasts on Koito Manufacturing Co stock, see the JP:7276 Stock Forecast page.
More about Koito Manufacturing Co
Koito Manufacturing Co., Ltd. operates in the automotive industry, specializing in the production of automotive lighting equipment. The company focuses on serving major automobile manufacturers, with a significant presence in the Chinese market.
Average Trading Volume: 1,047,158
Technical Sentiment Signal: Hold
Current Market Cap: Yen574.9B
For a thorough assessment of 7276 stock, go to TipRanks’ Stock Analysis page.