Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest announcement is out from Nojima Co Ltd ( (JP:7419) ).
Nojima Corporation has responded to a report in the Nihon Keizai Shimbun claiming it has decided to acquire at least a majority stake in Hitachi Global Life Solutions, Inc. for more than 100 billion yen. The company clarified that the article did not originate from any official announcement and that no final decision has yet been made on such a transaction.
Management acknowledged that an acquisition of Hitachi Global Life Solutions is under consideration and confirmed the matter is scheduled for discussion at a board of directors meeting today. Nojima pledged to issue an official disclosure promptly if any board resolutions or developments arise that trigger a requirement to inform investors and other stakeholders.
More about Nojima Co Ltd
Nojima Corporation is a Japan-based retailer focused on consumer electronics, home appliances, and related digital products. Listed on the Tokyo Stock Exchange Prime Market under securities code 7419, the company operates a broad store network and engages in technology-driven retail and services for household and personal electronics users.
Average Trading Volume: 660,183
Technical Sentiment Signal: Buy
Current Market Cap: Yen341.7B
For an in-depth examination of 7419 stock, go to TipRanks’ Overview page.