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Neturen Co., Ltd. ( (JP:5976) ) just unveiled an announcement.
Neturen has resolved to acquire shares in ANDO Imagineering Group Inc. (AIG), an architectural engineering firm specializing in structural and architectural design for large-scale PC, RC, steel, and wooden buildings, resulting in a 34% ownership stake. By combining Neturen’s manufacturing and processing technologies in high-strength steel and precast concrete with AIG’s advanced structural design capabilities, the company aims to develop new construction methods and products that enhance cost competitiveness and component durability, expand its business domain, and diversify revenue sources, while also maximizing the labor-saving advantages and shorter construction periods of precast solutions to address labor shortages and rising costs in the construction industry. Through this capital participation, Neturen seeks to strengthen its technological edge and supply chain in the construction sector and enhance its long-term corporate value, with the immediate impact on consolidated financial results expected to be minor.
The most recent analyst rating on (JP:5976) stock is a Hold with a Yen1292.00 price target. To see the full list of analyst forecasts on Neturen Co., Ltd. stock, see the JP:5976 Stock Forecast page.
More about Neturen Co., Ltd.
Neturen Co., Ltd., listed on the Prime Market of the Tokyo Stock Exchange (code 5976), operates in the steel and construction materials industry, focusing on the manufacture and processing of high-strength steel bars for prestressed concrete (PC) and the production of high-strength precast concrete products. The company targets the construction and infrastructure markets, supplying technologically advanced materials aimed at improving durability, labor-saving, and construction efficiency.
Average Trading Volume: 70,240
Technical Sentiment Signal: Buy
Current Market Cap: Yen39.4B
Find detailed analytics on 5976 stock on TipRanks’ Stock Analysis page.