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Mitsubishi Chemical Holdings ( (JP:4188) ) has shared an announcement.
Mitsubishi Chemical Corporation announced the results of its Next-stage Support Program, aimed at restructuring its workforce by offering retirement and reemployment support to eligible employees. The program resulted in 1,273 applicants, leading to an anticipated annual reduction in labor expenses by approximately 16 billion yen. Despite an extraordinary loss of 27.7 billion yen due to restructuring costs, the company expects these changes to contribute positively to its financial performance in the long term.
The most recent analyst rating on (JP:4188) stock is a Hold with a Yen860.00 price target. To see the full list of analyst forecasts on Mitsubishi Chemical Holdings stock, see the JP:4188 Stock Forecast page.
More about Mitsubishi Chemical Holdings
Mitsubishi Chemical Group Corporation operates in the chemical industry, focusing on providing a wide range of chemical products and services. The company is listed on the Prime Market of the Tokyo Stock Exchange and is known for its innovative solutions in the chemical sector.
YTD Price Performance: 10.44%
Average Trading Volume: 6,061,874
Technical Sentiment Signal: Buy
Current Market Cap: Yen1124.3B
Find detailed analytics on 4188 stock on TipRanks’ Stock Analysis page.