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An announcement from Press Kogyo Co., Ltd. ( (JP:7246) ) is now available.
Press Kogyo Co., Ltd. has decided to dissolve PK Manufacturing (Suzhou) Co., Ltd., its wholly owned consolidated subsidiary in China that manufactures construction machinery-related parts, as part of efforts to streamline and improve the efficiency of its operations in the Chinese market amid changing business conditions. The Suzhou subsidiary, established in 2010, has posted consecutive operating and net losses in recent years, and its liquidation, scheduled for completion by December 2028, is expected to have only a negligible impact on Press Kogyo’s consolidated earnings forecast for the fiscal year ending March 31, 2026, according to the company.
The most recent analyst rating on (JP:7246) stock is a Buy with a Yen939.00 price target. To see the full list of analyst forecasts on Press Kogyo Co., Ltd. stock, see the JP:7246 Stock Forecast page.
More about Press Kogyo Co., Ltd.
Press Kogyo Co., Ltd. is a Japanese manufacturer listed on the Tokyo Stock Exchange Prime Market that specializes in metal-press and related components, with a focus on supplying parts for construction machinery and other industrial applications through a network of domestic and overseas production bases.
Average Trading Volume: 510,254
Technical Sentiment Signal: Buy
Current Market Cap: Yen76.64B
Learn more about 7246 stock on TipRanks’ Stock Analysis page.