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Shoei Co. Ltd. (7839) ( (JP:7839) ) has provided an update.
Shoei Co. Ltd. announced its decision to diversify its business by entering the suitcase market, leveraging its expertise in safety and design. The company plans to launch a carry-on suitcase model made from glass fiber reinforced plastic, aiming to expand its product offerings and reduce reliance on its core helmet business. This strategic move is expected to contribute to Shoei’s growth and stabilize its market position by tapping into the growing global demand for suitcases.
The most recent analyst rating on (JP:7839) stock is a Buy with a Yen2046.00 price target. To see the full list of analyst forecasts on Shoei Co. Ltd. (7839) stock, see the JP:7839 Stock Forecast page.
More about Shoei Co. Ltd. (7839)
Shoei Co. Ltd. is a manufacturer specializing in motorcycle helmets, focusing on high-end products. The company is known for its emphasis on safety, functionality, and design, catering to a market that values high-quality protective gear.
Average Trading Volume: 229,831
Technical Sentiment Signal: Hold
Current Market Cap: Yen93.5B
Find detailed analytics on 7839 stock on TipRanks’ Stock Analysis page.