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Nisshin OilliO Group, Ltd. ( (JP:2602) ) just unveiled an update.
The Nisshin OilliO Group has announced its relationship with Marubeni Corporation, which holds a 16% voting stake, classifying it as an affiliated company. Despite this affiliation, Nisshin OilliO maintains operational independence, with no shared directors and independent decision-making processes. The company engages in significant business transactions with Marubeni, including the sale of oils and fats and the purchase of raw materials, while ensuring fair pricing to protect minority shareholders.
More about Nisshin OilliO Group, Ltd.
The Nisshin OilliO Group, Ltd. operates in the food industry, primarily focusing on the production and sale of oils, fats, and related meal products. The company is listed on the Prime Market of the Tokyo Stock Exchange and maintains a significant relationship with Marubeni Corporation, which holds a 16% voting stake.
YTD Price Performance: -0.75%
Average Trading Volume: 92,618
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen163.3B
Find detailed analytics on 2602 stock on TipRanks’ Stock Analysis page.
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