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The latest update is out from Odakyu Electric Railway Co ( (JP:9007) ).
Odakyu Electric Railway Co., Ltd. announced its participation in the secondary offering of common stock by Sotetsu Holdings, Inc., deciding to sell all its shares in the latter to improve asset efficiency. This move aligns with Odakyu’s strategy of enhancing corporate value through better capital cost management and investment, while maintaining a strong business relationship with Sotetsu Holdings. The sale is expected to result in extraordinary income for Odakyu, which will be reflected in its financial results for the fiscal year ending March 31, 2025.
More about Odakyu Electric Railway Co
Odakyu Electric Railway Co., Ltd. operates in the railway and transportation industry, providing rail services primarily in Japan. The company is also involved in real estate and retail businesses, catering to urban and suburban markets.
YTD Price Performance: 3.76%
Average Trading Volume: 1,431
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.59B
Find detailed analytics on 9007 stock on TipRanks’ Stock Analysis page.
