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An update from THK Co ( (JP:6481) ) is now available.
THK has corrected currency unit notations in a recent English disclosure related to the transfer of shares in several consolidated automotive subsidiaries and the assignment of associated receivables, clarifying that financial data for its Czech unit is in thousands of Czech koruna and for its Michigan unit in thousands of U.S. dollars rather than euros. At the same time, the company confirmed its board has approved the sale of all shares in TRA Holdings and its key THK RHYTHM automotive subsidiaries, along with related loans, to a special purpose company backed by funds serviced by Advantage Partners, a move aligned with THK’s strategy to boost ROE above 10% by tightening control of shareholders’ equity and completing the selection and concentration of its automotive and transportation business portfolio.
The most recent analyst rating on (JP:6481) stock is a Hold with a Yen5044.00 price target. To see the full list of analyst forecasts on THK Co stock, see the JP:6481 Stock Forecast page.
More about THK Co
THK Co., Ltd. is a Japan-based manufacturer best known for linear motion systems and related mechanical components, serving industrial machinery, automotive, and transportation sectors worldwide. Listed on the Tokyo Stock Exchange Prime Market, the company has been pursuing structural reforms and a strategy of selection and concentration to improve capital efficiency and shareholder returns.
Average Trading Volume: 1,136,818
Technical Sentiment Signal: Buy
Current Market Cap: Yen514.8B
For an in-depth examination of 6481 stock, go to TipRanks’ Overview page.