The latest update is out from Obayashi ( (JP:1802) ).
Obayashi Corporation has announced a company split agreement to transfer its villa site management business, including the hot spring water supply at the Obayashi Izu-Atagawa Villa Resort Sites, to Angel Forest Resorts Co., Ltd. This strategic move allows Obayashi to concentrate on its core business areas, while Angel Forest Resorts, which specializes in resort management and villa site operations, will take over the business to expand its presence in the Higashi-Izu area. The transfer is expected to have minimal financial impact on Obayashi’s overall assets and sales.
More about Obayashi
Obayashi Corporation operates in the general construction industry, providing a wide range of construction services. The company focuses on large-scale infrastructure projects and has a significant presence in the Japanese market.
YTD Price Performance: 0.51%
Average Trading Volume: 2,000
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $9.86B
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