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Neturen Co., Ltd. ( (JP:5976) ) just unveiled an update.
Neturen Co., Ltd. has announced its decision to accept a tender offer from KYB Corporation for all its shares in CHITA KOGYO CO., LTD. This strategic decision is expected to result in a substantial extraordinary income of 1,218 million yen from the gain on sale of investment securities in the fiscal year ending March 31, 2025. The move aligns with CHITA KOGYO’s Board of Directors’ approval and offers a reasonable purchase price, potentially positively impacting Neturen’s financial performance.
More about Neturen Co., Ltd.
Neturen Co., Ltd. operates in the manufacturing industry, focusing on products such as induction heating equipment and related services. The company is listed on the Prime Market of the Tokyo Stock Exchange, demonstrating its significant market presence.
YTD Price Performance: 1.74%
Average Trading Volume: 70,335
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen33.09B
For detailed information about 5976 stock, go to TipRanks’ Stock Analysis page.
