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Kurimoto,Ltd. ( (JP:5602) ) just unveiled an announcement.
Kurimoto, Ltd. has approved an absorption-type merger of its wholly owned subsidiary Sankyo Machinery, Ltd., which designs, manufactures, distributes and installs asphalt and concrete crushing plants and related machinery, with Kurimoto as the surviving entity and Sankyo Machinery to be dissolved on April 1, 2026. By integrating Sankyo Machinery’s recycled aggregate-related technologies into Kurimoto’s operating divisions via a simplified, short-form merger with no share or cash consideration, the group aims to streamline management resources, improve operational efficiency and profitability, and strengthen its position in recycling-oriented infrastructure and construction markets through enhanced synergies in environmental and plant-related businesses.
The most recent analyst rating on (JP:5602) stock is a Buy with a Yen2055.00 price target. To see the full list of analyst forecasts on Kurimoto,Ltd. stock, see the JP:5602 Stock Forecast page.
More about Kurimoto,Ltd.
Kurimoto, Ltd., listed on the Tokyo Stock Exchange Prime Market, is a diversified manufacturer and distributor of cast-iron, steel and other pipes and valves, various casting products, industrial machinery and plants for mining, chemicals, steel and ceramics, as well as materials for civil engineering, construction and equipment, and synthetic resin-based products. The company serves infrastructure, industrial and construction markets in Japan and abroad, leveraging a broad engineered-products portfolio and plant design, installation and maintenance capabilities.
Average Trading Volume: 648,106
Technical Sentiment Signal: Buy
Current Market Cap: Yen104.2B
For a thorough assessment of 5602 stock, go to TipRanks’ Stock Analysis page.