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Noritz ( (JP:5943) ) just unveiled an update.
Noritz Corporation has announced a partial share exchange to make Ogihara MFG. Co., Ltd. a subsidiary, utilizing treasury shares without issuing new ones. This strategic move is part of Noritz’s Medium-Term Management Plan to boost earning power and expand its customer base by leveraging Ogihara’s technological capabilities and management resources, ultimately aiming to enhance corporate value and streamline operations.
The most recent analyst rating on (JP:5943) stock is a Hold with a Yen1978.00 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 market position through vertical integration and improved quality management systems.
Average Trading Volume: 100,549
Technical Sentiment Signal: Buy
Current Market Cap: Yen81B
For an in-depth examination of 5943 stock, go to TipRanks’ Overview page.