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Nichiha Corporation ( (JP:7943) ) has shared an announcement.
Nichiha Corporation has decided to withdraw its subsidiary, Nichiha USA, Inc., from the general-purpose exterior cladding business for the residential market due to declining performance and intensified competition. The company will now focus on high-end exterior cladding for commercial and residential markets in the U.S., aiming for growth despite anticipated one-time extraordinary losses in the current fiscal year.
The most recent analyst rating on (JP:7943) stock is a Hold with a Yen3207.00 price target. To see the full list of analyst forecasts on Nichiha Corporation stock, see the JP:7943 Stock Forecast page.
More about Nichiha Corporation
Nichiha Corporation operates within the construction materials industry, specializing in exterior cladding products for both commercial and residential markets. The company has a significant presence in the United States through its subsidiary, Nichiha USA, Inc., which has been involved in local production since 2007.
Average Trading Volume: 86,106
Technical Sentiment Signal: Sell
Current Market Cap: Yen99.59B
For an in-depth examination of 7943 stock, go to TipRanks’ Overview page.