Tokyu ( (JP:9005) ) has issued an announcement.
Tokyu Corporation announced a reorganization involving an absorption-type merger with its wholly owned subsidiary, Tokyu Department Store Co., Ltd., and an absorption-type demerger to streamline its commercial facilities management business. This strategic move aims to enhance capital efficiency and competitive edge amidst a changing market environment. The reorganization will result in the establishment of Tokyu Retail Management to unify management functions across its subsidiaries, with minimal impact on the company’s consolidated financial results.
More about Tokyu
Tokyu Corporation operates primarily in the retail sector, focusing on commercial facilities management and food and daily necessities retail. The company manages 28 facilities, including department stores and shopping centers, mainly in areas served by Tokyu lines. Tokyu Store Chain Co., Ltd. leads the food and daily necessities retail segment.
YTD Price Performance: 5.84%
Average Trading Volume: 1,000
Technical Sentiment Signal: Buy
Current Market Cap: $7.06B
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