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Maruha Nichiro ( (JP:1333) ) has provided an update.
Maruha Nichiro Corporation has announced its decision to acquire the remaining shares of Seafood Connection Holding B.V., making it a wholly owned subsidiary. This strategic move is part of the company’s efforts to strengthen its management structure and accelerate profit expansion in Europe, a key region in its overseas strategy. By fully integrating SCH, Maruha Nichiro aims to enhance its global earnings and work towards its long-term vision of increasing the overseas ordinary income ratio to 70%.
The most recent analyst rating on (JP:1333) stock is a Buy with a Yen3815.00 price target. To see the full list of analyst forecasts on Maruha Nichiro stock, see the JP:1333 Stock Forecast page.
More about Maruha Nichiro
Maruha Nichiro Corporation is a prominent player in the seafood industry, primarily engaged in the production and sale of marine products. The company has a significant market presence in Japan and is expanding its operations globally, focusing on regions such as North America, Europe, Africa, China, and Asia/Oceania.
Average Trading Volume: 196,720
Technical Sentiment Signal: Buy
Current Market Cap: Yen190.4B
For an in-depth examination of 1333 stock, go to TipRanks’ Overview page.