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SBI Sumishin Net Bank’s Major Shareholder Structure Changes Following NTT DOCOMO Tender Offer

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SBI Sumishin Net Bank’s Major Shareholder Structure Changes Following NTT DOCOMO Tender Offer

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SBI Sumishin Net Bank Ltd ( (JP:7163) ) has issued an announcement.

SBI Sumishin Net Bank, Ltd. announced the successful completion of a tender offer by NTT DOCOMO, INC., resulting in a significant change in its major shareholder structure. This development will see NTT DOCOMO, INC. and its parent company, NTT, becoming major shareholders, potentially impacting the company’s strategic direction and market positioning.

The most recent analyst rating on (JP:7163) stock is a Buy with a Yen4700.00 price target. To see the full list of analyst forecasts on SBI Sumishin Net Bank Ltd stock, see the JP:7163 Stock Forecast page.

More about SBI Sumishin Net Bank Ltd

SBI Sumishin Net Bank, Ltd. operates in the financial services industry, primarily offering banking services. The company is listed on the Tokyo Stock Exchange and focuses on providing online banking solutions.

Average Trading Volume: 1,305,239

Technical Sentiment Signal: Buy

Current Market Cap: Yen734.9B

Learn more about 7163 stock on TipRanks’ Stock Analysis page.

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