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Nikkiso Addresses Pump Inspection Oversight with Investigation Report

Story Highlights
  • Nikkiso Co., Ltd. received an investigation report on an incident involving untested pumps.
  • The incident will have negligible financial impact, and the company plans preventive measures.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Nikkiso Addresses Pump Inspection Oversight with Investigation Report

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An announcement from Nikkiso Co., Ltd. ( (JP:6376) ) is now available.

Nikkiso Co., Ltd. announced the receipt of an investigation report from a special committee regarding an incident where some pumps were shipped without undergoing a required pressure resistance test. The investigation, conducted by external experts, found that the incident will have a negligible impact on the company’s financial performance for the fiscal year ending December 31, 2025. The company is implementing measures to prevent recurrence and has taken steps to clarify responsibilities, including voluntary compensation returns by executives and disciplinary actions for involved employees.

More about Nikkiso Co., Ltd.

Nikkiso Co., Ltd. operates in the industrial equipment sector, primarily manufacturing pumps. The company focuses on delivering high-quality products and services to its customers, maintaining a strong position in the market.

Average Trading Volume: 208,185

Technical Sentiment Signal: Buy

Current Market Cap: Yen82.72B

For detailed information about 6376 stock, go to TipRanks’ Stock Analysis page.

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