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The latest update is out from Showa Denko KK ( (JP:4004) ).
Resonac Holdings Corporation announced the transfer of its European automotive and industrial lead-acid battery subsidiary, Fiamm Energy Technology S.p.A., to AURELIUS INVESTMENT LUX SIXTEEN S.À R.L. This strategic move is part of Resonac’s long-term vision to optimize its business portfolio and ensure FET’s growth under AURELIUS, a company known for its expertise in the European manufacturing industry. The transaction is expected to strengthen FET’s competitiveness and support its proactive business operations.
The most recent analyst rating on (JP:4004) stock is a Hold with a Yen4100.00 price target. To see the full list of analyst forecasts on Showa Denko KK stock, see the JP:4004 Stock Forecast page.
More about Showa Denko KK
Resonac Holdings Corporation, previously known as Hitachi Chemical Company, operates in the functional chemical materials industry. The company focuses on manufacturing products for the global energy storage systems market, including automotive and industrial lead-acid batteries, and aims to contribute to a sustainable society.
Average Trading Volume: 1,322,904
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen663.5B
Learn more about 4004 stock on TipRanks’ Stock Analysis page.