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Nojima Co Ltd ( (JP:7419) ) has provided an announcement.
Nojima Corporation has agreed to acquire, via a wholly owned special purpose company, 80.1% of a new entity to be formed by Hitachi Global Life Solutions that will house Hitachi’s home appliance business. Hitachi GLS will first transfer its domestic home appliance operations into the new company and consolidate its overseas Hitachi-branded appliance business by acquiring full ownership of Arçelik Hitachi Home Appliances before Nojima takes control.
Once completed, the transaction will unify Hitachi’s domestic and overseas appliance operations under the new company, which will then become a consolidated subsidiary of Nojima. By combining Nojima’s customer engagement and market insight with Hitachi’s manufacturing technologies, the company aims to build a globally integrated, Hitachi-branded appliance platform and pursue a differentiated business model focused on rapidly translating user feedback into product development and after-sales services.
More about Nojima Co Ltd
Nojima Corporation is a Japanese retailer specializing in digital home appliance specialty stores, complemented by businesses in mobile phone retailing, internet services, overseas operations, and product-related services. The group emphasizes customer-centric product offerings, leveraging strong in-store engagement and synergies with manufacturing partners such as VAIO to enhance quality and customer satisfaction.
Average Trading Volume: 660,183
Technical Sentiment Signal: Buy
Current Market Cap: Yen341.7B
See more data about 7419 stock on TipRanks’ Stock Analysis page.