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Teijin ( (JP:3401) ) has provided an update.
Teijin Limited has announced its decision to transfer its shares in DuPont Teijin Advanced Papers (Japan) Limited and DuPont Teijin Advanced Papers (Asia) Limited to DuPont de Nemours, Inc. This move comes as part of DuPont’s exit from its aramid operations and aligns with Teijin’s strategy to streamline its business portfolio and focus on future growth areas. The share transfer is expected to enhance Teijin’s competitiveness and maximize corporate value over the medium to long term.
The most recent analyst rating on (JP:3401) stock is a Buy with a Yen1434.00 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 aramid paper industry, focusing on manufacturing, processing, and selling synthetic paper and pressboard made from meta-aramid material. The company is involved in joint ventures with DuPont, such as DuPont Teijin Advanced Papers (Japan) Limited and DuPont Teijin Advanced Papers (Asia) Limited.
Average Trading Volume: 959,857
Technical Sentiment Signal: Hold
Current Market Cap: Yen242.7B
For an in-depth examination of 3401 stock, go to TipRanks’ Overview page.