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Noritz ( (JP:5943) ) has provided an announcement.
Noritz Corporation has announced a partial share exchange to make Ogihara MFG.CO., Ltd. a subsidiary, as part of its Medium-Term Management Plan ‘V-plan 26.’ This strategic move aims to leverage Ogihara’s technological capabilities to enhance Noritz’s quality management systems, stabilize its supply structure, and support its long-term growth strategy, ultimately improving corporate value for both companies.
The most recent analyst rating on (JP:5943) stock is a Hold with a Yen2096.00 price target. To see the full list of analyst forecasts on Noritz stock, see the JP:5943 Stock Forecast page.
More about Noritz
Noritz Corporation operates in the manufacturing industry, focusing on high value-added and environmentally friendly products, particularly in the water heaters sector. The company aims to enhance its domestic business and boost earning power through strategic initiatives.
Average Trading Volume: 108,010
Technical Sentiment Signal: Buy
Current Market Cap: Yen87.38B
Find detailed analytics on 5943 stock on TipRanks’ Stock Analysis page.