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Noritake Co. Ltd. Announces Strategic Company Split to Enhance Profitability

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Noritake Co. Ltd. Announces Strategic Company Split to Enhance Profitability

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An update from Noritake Co.,Limited ( (JP:5331) ) is now available.

Noritake Co., Limited has announced a company split, transferring its thick film circuit substrate, decalcomania paper, and vacuum fluorescent display businesses to its subsidiary, NORITAKE ITRON CORPORATION. This strategic move aligns with Noritake’s three-year business plan to enhance profitability by reorganizing its business portfolio around its core printing technology, aiming for more efficient operations and a stronger market position.

More about Noritake Co.,Limited

Noritake Co., Limited operates in the industrial and ceramics sector, producing a range of products including grinding wheels, ceramic-related items, industrial furnaces, and porcelain ware. The company is also involved in the manufacture and sale of electronic display systems.

YTD Price Performance: -2.52%

Average Trading Volume: 4

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €686.5M

See more insights into 5331 stock on TipRanks’ Stock Analysis page.

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