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An announcement from NHK Spring Co., Ltd. ( (JP:5991) ) is now available.
NHK Spring Co., Ltd. announced that its subsidiary, NHK Parking Systems Co., Ltd., received a supervisory disposition from Kanagawa Prefecture due to violations of the Construction Business Act. The violation involved failing to assign qualified chief engineers to construction sites from 2021 to 2024. As a result, NHK Parking Systems has been ordered to suspend its construction business operations for 15 days, affecting non-public projects. The company is taking steps to prevent recurrence and restore trust, although the impact on business performance is expected to be negligible.
The most recent analyst rating on (JP:5991) stock is a Buy with a Yen2200.00 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 manufacturing industry, focusing primarily on automotive suspension springs and seating systems. The company also has a subsidiary, NHK Parking Systems Co., Ltd., which specializes in parking systems construction.
Average Trading Volume: 548,338
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen368.5B
See more insights into 5991 stock on TipRanks’ Stock Analysis page.