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An announcement from Nippon Denko Co., Ltd. ( (JP:5563) ) is now available.
Nippon Denko Co., Ltd. announced the partial termination of its contract with Sumitomo Metal Mining Co., Ltd. for the OEM of cathode materials for lithium-ion batteries, effective March 2026, due to a shift in production types by Sumitomo. This termination will lead to a shortened useful life of OEM equipment and a decrease in profits by ¥67 million for the fiscal year ending December 31, 2025, though the overall financial impact is expected to be minimal.
The most recent analyst rating on (JP:5563) stock is a Buy with a Yen383.00 price target. To see the full list of analyst forecasts on Nippon Denko Co., Ltd. stock, see the JP:5563 Stock Forecast page.
More about Nippon Denko Co., Ltd.
Nippon Denko Co., Ltd. operates in the materials industry, focusing on the production of cathode materials for lithium-ion batteries.
Average Trading Volume: 742,053
Technical Sentiment Signal: Buy
Current Market Cap: Yen45.89B
For a thorough assessment of 5563 stock, go to TipRanks’ Stock Analysis page.