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Tamura Corporation ( (JP:6768) ) has issued an announcement.
Tamura Corporation will sell its entire equity interest in Chinese subsidiary Tamura Automotive Electronics (Foshan) to NICORE Electrical Manufactory, ending its status as a consolidated sub-subsidiary. The move is part of a broader restructuring under the company’s medium-term plan, aimed at consolidating automotive boost reactor production in Japan, improving profitability and expanding supply to hybrid vehicle growth markets.
The divested unit, established in 2019 to produce automotive electronic components, has recently posted losses, and its transfer will shift output from China while maintaining supply relationships via the buyer. Tamura expects to book an extraordinary gain of about ¥700 million from the transaction in the fiscal year ending March 2027, a development already factored into its latest consolidated earnings forecast.
The most recent analyst rating on (JP:6768) stock is a Hold with a Yen520.00 price target. To see the full list of analyst forecasts on Tamura Corporation stock, see the JP:6768 Stock Forecast page.
More about Tamura Corporation
Tamura Corporation is a Japanese electronics manufacturer focused on power and electronic components, including products for automotive applications. The company targets global markets such as Japan, the United States and ASEAN, and is pursuing a medium-term plan to streamline its portfolio and reinforce profitability in growth segments like hybrid vehicle components.
YTD Price Performance: 55.80%
Average Trading Volume: 787,303
Technical Sentiment Signal: Buy
Current Market Cap: Yen76.72B
See more insights into 6768 stock on TipRanks’ Stock Analysis page.