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An announcement from NIPPON RIETEC CO., LTD. ( (JP:1938) ) is now available.
NIPPON RIETEC CO., LTD. announced its relationship with East Japan Railway Company, which holds 19.6% of its voting rights, positioning it as an ‘other affiliated company.’ Despite this significant shareholding, NIPPON RIETEC maintains operational independence, conducting transactions on an arm’s-length basis. The company is a key partner within the JR East Group, contributing to a substantial portion of its sales through electric facility construction for railway operations.
More about NIPPON RIETEC CO., LTD.
NIPPON RIETEC CO., LTD. operates in the construction industry, focusing on electric facility work primarily for railway operations. The company maintains a significant business relationship with East Japan Railway Company, which is its largest shareholder.
Average Trading Volume: 46,458
Technical Sentiment Signal: Buy
Current Market Cap: Yen43.74B
Learn more about 1938 stock on TipRanks’ Stock Analysis page.