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Nissin Foods Holdings Co ( (JP:2897) ) has provided an announcement.
Nissin Foods Holdings Co., Ltd. has announced the establishment of a wholly-owned subsidiary in Turkey as part of its strategic plan to enhance international growth. This move marks a strategic re-entry into the Turkish market, with plans to expand sales of instant noodles within Turkey and into neighboring regions such as Central Asia, the Middle East, and North Africa. The subsidiary, NISSIN FOODS TURKEY GIDA ANONİM ŞİRKETİ, will be located in Sakarya Province and is expected to have minimal impact on the company’s financial results for the fiscal year ending March 2026.
The most recent analyst rating on (JP:2897) stock is a Buy with a Yen3118.00 price target. To see the full list of analyst forecasts on Nissin Foods Holdings Co stock, see the JP:2897 Stock Forecast page.
More about Nissin Foods Holdings Co
Nissin Foods Holdings Co., Ltd. operates in the food industry, primarily focusing on the manufacturing and sales of instant noodles. The company has a strong emphasis on international growth, aiming to increase its core operating profit from overseas ventures.
Average Trading Volume: 1,867,722
Technical Sentiment Signal: Sell
Current Market Cap: Yen828.5B
See more data about 2897 stock on TipRanks’ Stock Analysis page.