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Kyokuto Kaihatsu Kogyo Co., Ltd. ( (JP:7226) ) has shared an update.
Kyokuto Kaihatsu Kogyo Co., Ltd. and its subsidiary Nippon Trex Co., Ltd. have been issued a cease and desist order and a surcharge payment order by the Japan Fair Trade Commission for forming a cartel related to the sale of their products. The company has expressed regret over the situation and committed to reinforcing compliance measures and internal management structures to prevent future violations. They also plan to voluntarily return a portion of director and officer remuneration to regain trust from stakeholders.
The most recent analyst rating on (JP:7226) stock is a Buy with a Yen2793.00 price target. To see the full list of analyst forecasts on Kyokuto Kaihatsu Kogyo Co., Ltd. stock, see the JP:7226 Stock Forecast page.
More about Kyokuto Kaihatsu Kogyo Co., Ltd.
Kyokuto Kaihatsu Kogyo Co., Ltd. operates in the manufacturing industry, focusing on the production of special purpose vehicles and trailers through its subsidiary, Nippon Trex Co., Ltd.
Average Trading Volume: 124,722
Technical Sentiment Signal: Buy
Current Market Cap: Yen102.8B
For an in-depth examination of 7226 stock, go to TipRanks’ Overview page.