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The latest update is out from Shochiku Co., Ltd. ( (JP:9601) ).
Shochiku Co., Ltd. has decided to exit the BS broadcasting business by transferring its shares in BS Shochiku Tokyu Co., Ltd. to JCOM Co., Ltd. This strategic move involves acquiring all shares of BS Shochiku Tokyu from existing shareholders and waiving claims against the company. This decision marks a significant shift in Shochiku’s business strategy, potentially impacting its market positioning and stakeholder relationships as it refocuses its operations away from broadcasting.
More about Shochiku Co., Ltd.
Shochiku Co., Ltd. operates in the entertainment industry, primarily focusing on film production, distribution, and theater management. The company is also involved in broadcasting services through its equity-method affiliate, BS Shochiku Tokyu Co., Ltd., which operates in the satellite key broadcasting business.
Average Trading Volume: 34,950
Technical Sentiment Signal: Buy
Current Market Cap: Yen186.9B
Learn more about 9601 stock on TipRanks’ Stock Analysis page.