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The latest update is out from Teijin ( (JP:3401) ).
Teijin Limited has announced a definitive agreement for a business integration between its subsidiary, Teijin Frontier, and Asahi Kasei Advance Corporation, a subsidiary of Asahi Kasei. This merger aims to enhance competitiveness by combining strengths in textiles and materials, expanding sales channels, and reducing procurement costs. The integration is expected to create a stronger joint venture, fostering sustainable growth and maximizing corporate value.
The most recent analyst rating on (JP:3401) stock is a Hold with a Yen1241.00 price target. To see the full list of analyst forecasts on Teijin stock, see the JP:3401 Stock Forecast page.
More about Teijin
Teijin Limited operates in the textile and materials industry, focusing on innovative solutions and sustainable growth. The company is known for its advanced materials and healthcare products, catering to a global market.
YTD Price Performance: 1.92%
Average Trading Volume: 1,060,601
Technical Sentiment Signal: Buy
Current Market Cap: Yen252.3B
For a thorough assessment of 3401 stock, go to TipRanks’ Stock Analysis page.