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An update from Nichirei Corporation ( (JP:2871) ) is now available.
Nichirei Corporation has disclosed misconduct by a former employee at its Chinese subsidiary, Nichirei Corporation Shanghai Ltd. The misconduct involved unauthorized business activities and financial agreements, leading to a loss of approximately 90 million yen. The company has initiated an investigation and plans to implement measures to prevent future occurrences, although the financial impact on the company is expected to be limited.
More about Nichirei Corporation
Nichirei Corporation operates in the food industry, primarily focusing on frozen foods and logistics services. The company is known for its diverse range of food products and has a significant market presence in Japan and internationally.
YTD Price Performance: -8.21%
Average Trading Volume: 116
Technical Sentiment Signal: Sell
Current Market Cap: €2.89B
For detailed information about 2871 stock, go to TipRanks’ Stock Analysis page.