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The latest announcement is out from Nichirei Corporation ( (JP:2871) ).
Nichirei Corporation announced a significant capital increase for its sub-subsidiaries, Thermotraffic (N.I.) Ltd. and Thermotraffic Ltd., through Nichirei Holding Holland B.V. This move is intended to expand refrigerated warehouse facilities, making these entities specified subsidiaries as their capital will exceed 10% of the company’s total capital. This strategic decision is expected to bolster Nichirei’s market position in the European temperature-controlled logistics sector, potentially impacting stakeholders by increasing operational capacity and service value.
The most recent analyst rating on (JP:2871) stock is a Buy with a Yen4200.00 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 warehouse facilities and cold chain services. The company is known for its logistics operations in Europe, aiming to expand its market share and enhance service offerings.
Average Trading Volume: 962,485
Technical Sentiment Signal: Hold
Current Market Cap: Yen458.3B
For an in-depth examination of 2871 stock, go to TipRanks’ Overview page.