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Sumitomo Riko Company Limited ( (JP:5191) ) has shared an announcement.
Sumitomo Riko Company Limited announced its relationship with its parent company, Sumitomo Electric Industries, Ltd., emphasizing its operational independence despite being part of the larger corporate group. The company maintains autonomy in its business decisions and ensures that transactions with the parent company adhere to the arm’s length rule to protect minority shareholders. Measures such as requiring board approval for significant transactions and establishing a special committee for conflict resolution are in place to safeguard shareholder interests.
More about Sumitomo Riko Company Limited
Sumitomo Riko Company Limited operates in the automotive-related industry as a consolidated subsidiary of Sumitomo Electric Industries, Ltd. The company benefits from its parent company’s extensive overseas presence, diverse technologies, and customer base, which supports its international operations and new business development.
Average Trading Volume: 233,143
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen173.3B
For a thorough assessment of 5191 stock, go to TipRanks’ Stock Analysis page.