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Koito Manufacturing Co ( (JP:7276) ) has shared an update.
Koito Manufacturing Co., Ltd. has revised its 1st Medium-Term Management Plan due to significant changes in the business environment, including certification issues in Japan, U.S. tariff policies, and rising interest rates affecting sales in Asia. The company anticipates lower net sales and operating profits than initially planned, driven by reduced global automobile production and a loss of market share in China due to the shift towards electric vehicles. Despite these challenges, Koito is focusing on improving efficiency and streamlining operations to enhance profitability and strengthen its earnings base over the medium to long term.
The most recent analyst rating on (JP:7276) stock is a Buy with a Yen2587.00 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, focusing on the production of lighting equipment and related products for vehicles. The company is a key player in the market, supplying major automobile manufacturers globally.
Average Trading Volume: 993,040
Technical Sentiment Signal: Buy
Current Market Cap: Yen655.4B
For a thorough assessment of 7276 stock, go to TipRanks’ Stock Analysis page.