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Nichirei Corporation ( (JP:2871) ) has provided an update.
Nichirei Corporation announced a capital increase in its subsidiary, Nichirei Logistics Group Inc., to strengthen its logistics network in the ASEAN region. This strategic move aims to enhance cross-border transportation capabilities and expand market presence, impacting the company’s capital structure by designating the involved subsidiaries as specified subsidiaries.
The most recent analyst rating on (JP:2871) stock is a Buy with a Yen1997.00 price target. To see the full list of analyst forecasts on Nichirei Corporation stock, see the JP:2871 Stock Forecast page.
More about Nichirei Corporation
Nichirei Corporation operates in the temperature-controlled logistics industry, focusing on providing refrigerated and frozen warehouse services and transportation. Nichirei Logistics Group Inc., a subsidiary, plays a significant role in the ASEAN region, aiming to expand its market share and enhance service offerings.
Average Trading Volume: 1,436,775
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen474B
Learn more about 2871 stock on TipRanks’ Stock Analysis page.