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Seed Co., Ltd. ( (JP:7743) ) has shared an announcement.
SEED Co., Ltd. has been awarded a subsidy under the ‘Large-Scale Growth Investment Subsidy for Labor-Saving Measures to Increase Wages at Medium-Sized and Small Enterprises’ by the Ministry of Economy, Trade and Industry. The subsidy will support SEED’s plan to expand production capacity, specifically for new material contact lenses, and is expected to result in a 5.50% salary increase for employees and a 5.00% increase for officers by the fiscal year ending March 2031. The financial impact on the current fiscal year is expected to be minor, with production facilities becoming operational by March 2028.
The most recent analyst rating on (JP:7743) stock is a Hold with a Yen584.00 price target. To see the full list of analyst forecasts on Seed Co., Ltd. stock, see the JP:7743 Stock Forecast page.
More about Seed Co., Ltd.
SEED Co., Ltd. operates in the contact lens industry, focusing on the production and expansion of new material contact lenses to increase its market share.
Average Trading Volume: 76,608
Technical Sentiment Signal: Buy
Current Market Cap: Yen17.19B
See more insights into 7743 stock on TipRanks’ Stock Analysis page.