Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Nippon Sharyo ( (JP:7102) ) has provided an update.
Nippon Sharyo, Ltd. announced its ongoing strategic relationship with its parent company, Central Japan Railway Company, which involves technological and human resource exchanges to enhance their business foundation. The company has repurchased the Toyokawa Plant, reducing its long-term borrowings, and continues to maintain a level of independence in its management despite the parent company’s significant ownership. This partnership aims to leverage the technological strengths of both companies, potentially impacting their market positioning and stakeholder interests.
More about Nippon Sharyo
Nippon Sharyo, Ltd. operates in the railway industry, primarily manufacturing railcars such as Shinkansen rolling stock, special trains, and commuter trains. The company is a subsidiary of Central Japan Railway Company, which holds a 51.2% voting rights ownership. Nippon Sharyo’s market focus includes selling machinery and equipment to its parent company, accounting for a significant portion of its sales.
Average Trading Volume: 14,420
Technical Sentiment Signal: Sell
Current Market Cap: Yen29.33B
For an in-depth examination of 7102 stock, go to TipRanks’ Overview page.