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Nitto Kohki Co., Ltd. ( (JP:6151) ) has issued an announcement.
Nitto Kohki announced that its consolidated subsidiary TOHOKU NITTO KOHKI will receive a government subsidy of up to ¥2.37 billion from Japan’s Ministry of Economy, Trade and Industry to support a major factory integration and modernization project in an area affected by the tsunami and nuclear disaster. The funding will help consolidate two aging plants into a new smart factory, including land acquisition, plant construction and installation of in-house production equipment, with the aim of boosting productivity, stabilizing supply, creating local employment, improving workplace safety and environment, and reinforcing its role as a core domestic manufacturing hub; the subsidy will be booked as extraordinary income in the third quarter of the fiscal year ending March 2026, and the company is still reviewing its full-year earnings forecast.
The most recent analyst rating on (JP:6151) stock is a Hold with a Yen2006.00 price target. To see the full list of analyst forecasts on Nitto Kohki Co., Ltd. stock, see the JP:6151 Stock Forecast page.
More about Nitto Kohki Co., Ltd.
Nitto Kohki Co., Ltd., listed on the Tokyo Stock Exchange Prime, operates in the industrial equipment and manufacturing sector, providing machinery and related products through its group companies, including TOHOKU NITTO KOHKI CO., LTD., which serves as a key domestic production base in Japan.
Average Trading Volume: 45,110
Technical Sentiment Signal: Buy
Current Market Cap: Yen36.25B
See more insights into 6151 stock on TipRanks’ Stock Analysis page.