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Nifco Inc. ( (JP:7988) ) has issued an announcement.
Nifco Inc. announced that its subsidiary, Nifco Korea Inc., was involved in a violation of the Monopoly Regulation and Fair Trade Act of Korea related to automotive air vent transactions. Although initially subject to penalties, Nifco Korea Inc. successfully applied for a waiver by meeting the necessary requirements. The company has since enhanced its compliance measures and apologized to stakeholders, committing to prevent future occurrences.
The most recent analyst rating on (JP:7988) stock is a Buy with a Yen5171.00 price target. To see the full list of analyst forecasts on Nifco Inc. stock, see the JP:7988 Stock Forecast page.
More about Nifco Inc.
Nifco Inc. operates in the manufacturing industry, primarily focusing on producing automotive parts such as air vents. The company is positioned in the market as a supplier of essential components for the automotive sector.
Average Trading Volume: 259,196
Technical Sentiment Signal: Buy
Current Market Cap: Yen445.7B
For an in-depth examination of 7988 stock, go to TipRanks’ Overview page.