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Tokai Carbon Co ( (JP:5301) ) has issued an announcement.
Tokai Carbon Co., Ltd. announced the acquisition of Bridgestone Carbon Black (Thailand) Co., Ltd., a move aligned with its Vision 2030 strategy to enhance its global carbon black business. This acquisition, in collaboration with its subsidiary Thai Tokai Carbon Product Co., Ltd., is expected to strengthen Tokai Carbon’s partnership with Bridgestone, improve supply stability, and boost competitiveness in the carbon black market.
The most recent analyst rating on (JP:5301) stock is a Hold with a Yen950.00 price target. To see the full list of analyst forecasts on Tokai Carbon Co stock, see the JP:5301 Stock Forecast page.
More about Tokai Carbon Co
Tokai Carbon Co., Ltd. is a company operating in the carbon black industry, with a focus on manufacturing and supplying carbon black products. The company has a global presence with operations in Japan, Thailand, Canada, and the United States, and aims to transform its business portfolio through structural reforms, growth market commitments, and sustainable value creation.
YTD Price Performance: 12.26%
Average Trading Volume: 1,113,557
Technical Sentiment Signal: Buy
Current Market Cap: Yen216.4B
For a thorough assessment of 5301 stock, go to TipRanks’ Stock Analysis page.