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The latest update is out from NHK Spring Co., Ltd. ( (JP:5991) ).
NHK Spring Co., Ltd. has announced the decision to dissolve and liquidate its subsidiaries NHK Seating (Hubei) Co., Ltd. and FNK China Co., Ltd. due to the slowdown in sales of Japanese-owned auto manufacturers in China. The liquidation is part of a strategic move to concentrate management resources, with minimal impact expected on the company’s current fiscal year results.
The most recent analyst rating on (JP:5991) stock is a Buy with a Yen3050.00 price target. To see the full list of analyst forecasts on NHK Spring Co., Ltd. stock, see the JP:5991 Stock Forecast page.
More about NHK Spring Co., Ltd.
NHK Spring Co., Ltd. operates in the automotive industry, primarily focusing on the manufacture and sale of automotive seating products. The company targets Japanese-owned auto manufacturers, particularly in the Chinese market.
Average Trading Volume: 911,655
Technical Sentiment Signal: Buy
Current Market Cap: Yen570.6B
For detailed information about 5991 stock, go to TipRanks’ Stock Analysis page.