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The latest announcement is out from Shindengen Electric Mfg Co Ltd ( (JP:6844) ).
Shindengen Electric Manufacturing Co., Ltd. announced its decision to acquire all shares of a newly established company spun off from Kyocera Corporation’s power electronic device business, making it a subsidiary. This strategic move aligns with Shindengen’s mid-term business plan to strengthen its business foundation and improve capital efficiency, aiming to expand its product lineup, enhance R&D, and increase market share, ultimately driving sustainable growth and corporate value.
More about Shindengen Electric Mfg Co Ltd
Shindengen Electric Manufacturing Co., Ltd. operates in the power electronics industry, focusing on the production and sale of power semiconductor products, including silicon diodes. The company aims to enhance its market position and competitiveness through strategic acquisitions and expansion of its product lineup.
Average Trading Volume: 67,887
Technical Sentiment Signal: Sell
Current Market Cap: Yen21.86B
See more insights into 6844 stock on TipRanks’ Stock Analysis page.