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An announcement from Sanoh Industrial Co., Ltd. ( (JP:6584) ) is now available.
Sanoh Industrial Co., Ltd. has announced the decision to dissolve and liquidate its consolidated subsidiary, Guangzhou Sanoh Seikan Co., Ltd., due to deteriorating performance and uncertain recovery prospects in the Chinese market. This strategic move aims to optimize the company’s management resources and enhance overall corporate value. The liquidation is expected to result in an extraordinary loss of 1,455 million yen, impacting the financial results for the fiscal year ending March 2026, with the earnings forecast currently under review.
The most recent analyst rating on (JP:6584) stock is a Hold with a Yen849.00 price target. To see the full list of analyst forecasts on Sanoh Industrial Co., Ltd. stock, see the JP:6584 Stock Forecast page.
More about Sanoh Industrial Co., Ltd.
Sanoh Industrial Co., Ltd. operates in the automotive industry, primarily focusing on the manufacturing and sales of automotive parts. The company has a significant market presence, particularly in Japan, and is involved in the global automotive supply chain.
Average Trading Volume: 306,738
Technical Sentiment Signal: Buy
Current Market Cap: Yen29.85B
Learn more about 6584 stock on TipRanks’ Stock Analysis page.