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MonotaRO Co ( (JP:3064) ) just unveiled an announcement.
MonotaRO Co., Ltd. has clarified its relationship with U.S.-listed W.W. Grainger, Inc., confirming that Grainger is its parent company with an indirect 50.34% voting stake held via wholly owned subsidiaries. Within Grainger’s global network, MonotaRO is positioned as the group’s MRO distribution platform in Japan, with no other Grainger entities pursuing the same business in the country.
The company emphasized that, despite Grainger’s controlling interest and two overlapping board members, it maintains independent management and is not heavily reliant on transactions with Grainger group companies. To protect minority shareholders, MonotaRO has adopted a policy to keep the number of directors concurrently serving in the parent group below half of its board and reported no material transactions with controlling shareholders over the period covered.
The most recent analyst rating on (JP:3064) stock is a Buy with a Yen2039.00 price target. To see the full list of analyst forecasts on MonotaRO Co stock, see the JP:3064 Stock Forecast page.
More about MonotaRO Co
MonotaRO Co., Ltd. is a Japan-based distributor of maintenance, repair and operations (MRO) products, serving business users through an e-commerce driven model. The company operates the MRO distribution business in Japan as part of the wider Grainger Group, which runs similar operations in markets such as the United States, Canada, the United Kingdom and Mexico.
YTD Price Performance: -28.99%
Average Trading Volume: 2,647,741
Technical Sentiment Signal: Sell
Current Market Cap: Yen882.3B
For detailed information about 3064 stock, go to TipRanks’ Stock Analysis page.