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Syuppin Co., Ltd. ( (JP:3179) ) has issued an announcement.
Syuppin Co., Ltd. has announced the termination of its bicycle business, CROWN GEARS, effective March 31, 2026, due to declining demand for road bikes and a strategic shift towards more profitable segments. The company plans to reassign affected employees and maintain customer support post-closure, with minimal expected impact on overall financial performance.
More about Syuppin Co., Ltd.
Syuppin Co., Ltd. operates in the retail industry, focusing on the sale of cameras, watches, and writing instruments. The company has also been involved in the bicycle market through its CROWN GEARS brand, specializing in road bikes and sports bicycles, but is now shifting focus due to changes in market demand.
Average Trading Volume: 151,092
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen24.84B
Find detailed analytics on 3179 stock on TipRanks’ Stock Analysis page.