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Shindengen Electric Mfg Co Ltd ( (JP:6844) ) has issued an announcement.
Shindengen Electric Manufacturing has completed the acquisition of all shares in a newly established power device business company that took over Kyocera Corporation’s power equipment operations, in line with its mid-term growth strategy emphasizing M&A and capital efficiency. The new subsidiary, renamed Hadano Shindengen Co., Ltd. and based in Kanagawa Prefecture, will manufacture power semiconductor products centered on silicon diodes, enabling Shindengen to rapidly expand its power device product lineup, advance R&D, and pursue market share gains and stronger competitiveness, backed by an approximately ¥2.5 billion cash transaction with Kyocera as the counterparty.
The most recent analyst rating on (JP:6844) stock is a Hold with a Yen3557.00 price target. To see the full list of analyst forecasts on Shindengen Electric Mfg Co Ltd stock, see the JP:6844 Stock Forecast page.
More about Shindengen Electric Mfg Co Ltd
Shindengen Electric Manufacturing Co., Ltd. is a Japan-based electronics manufacturer specializing in power devices and power semiconductor products. Operating in the power electronics sector, the company focuses on components such as power semiconductors and related devices, targeting industrial, automotive, and other applications where efficient power conversion and management are critical.
Average Trading Volume: 74,615
Technical Sentiment Signal: Buy
Current Market Cap: Yen34.63B
For a thorough assessment of 6844 stock, go to TipRanks’ Stock Analysis page.