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An update from Tokushu Tokai Paper Co., Ltd. ( (JP:3708) ) is now available.
Tokushu Tokai Paper Co., Ltd. has signed a license agreement with Tomoegawa Corporation to acquire know-how for manufacturing and selling electrical insulating paper, along with a basic agreement to purchase around one year’s worth of related inventory. By paying a ¥100 million grant fee for the license, Tokushu Tokai aims to produce electrical insulating paper of comparable quality to Tomoegawa’s products and expand into the transformer and broader insulation markets, including high-performance aramid paper, in response to rising global demand driven by renewable energy facilities and data centers. While the immediate impact on earnings for the fiscal year ending March 2026 is expected to be minor, the company expects this move to strengthen its revenue base and enhance its medium- to long-term performance and corporate value.
The most recent analyst rating on (JP:3708) stock is a Hold with a Yen1687.00 price target. To see the full list of analyst forecasts on Tokushu Tokai Paper Co., Ltd. stock, see the JP:3708 Stock Forecast page.
More about Tokushu Tokai Paper Co., Ltd.
Tokushu Tokai Paper Co., Ltd., listed on the Tokyo Stock Exchange Prime Market, operates in the specialty paper and materials industry, focusing on both traditional paper products and environment-related businesses. The company is working to strengthen its existing operations while shifting its product mix toward higher value-added and growth fields, including specialty papers for industrial and electrical applications.
Average Trading Volume: 50,184
Technical Sentiment Signal: Buy
Current Market Cap: Yen63.67B
For a thorough assessment of 3708 stock, go to TipRanks’ Stock Analysis page.