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Shimizu ( (JP:1803) ) has provided an announcement.
Shimizu Corporation has resolved to acquire 100% of Aomi Construction Co., Ltd. through participation in a third-party allotment capital increase, making Aomi a consolidated and specified subsidiary whose capital will exceed one-tenth of Shimizu’s own. Aomi, a long-established marine and onshore civil engineering specialist with solid earnings and expertise in ground improvement and resource-related projects, will be integrated to enhance Shimizu’s capabilities in civil engineering and the offshore wind power market, where significant growth is anticipated; the move is positioned as a key step in strengthening Shimizu’s business base, generating group synergies, and bolstering its competitive standing in large-scale infrastructure and renewable energy-related projects.
The most recent analyst rating on (JP:1803) stock is a Hold with a Yen3196.00 price target. To see the full list of analyst forecasts on Shimizu stock, see the JP:1803 Stock Forecast page.
More about Shimizu
Shimizu Corporation is a major Japanese construction and civil engineering company listed on the TSE Prime and NSE Premier markets. Under its long-term “SHIMZ VISION 2030” and Medium-Term Business Plan (2024–2026), the group focuses on strengthening its construction business foundation, improving profitability and quality, and expanding into growth areas such as offshore wind power and sustainable infrastructure.
Average Trading Volume: 2,604,462
Technical Sentiment Signal: Buy
Current Market Cap: Yen1809.3B
For an in-depth examination of 1803 stock, go to TipRanks’ Overview page.