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Towa Corporation Announces Segment Name Change to Reflect Medical Focus

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Towa Corporation Announces Segment Name Change to Reflect Medical Focus

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The latest update is out from Towa Corporation ( (JP:6315) ).

Towa Corporation announced a change in its reporting segments, renaming the ‘Fine Plastic Molding Products Business’ to ‘Medical Devices Business’ to better reflect its focus on medical devices. This change is part of the company’s medium-term management plan and will be effective from the fiscal year ending March 2025, with no impact on the classification of reporting segments.

More about Towa Corporation

Towa Corporation operates in the semiconductor manufacturing equipment industry, specializing in fine plastic molding products and laser processing machines. The company is focused on providing ultra-precision fine process technology, particularly for medical devices.

YTD Price Performance: 12.43%

Average Trading Volume: 390

Technical Sentiment Signal: Hold

Current Market Cap: €801M

Learn more about 6315 stock on TipRanks’ Stock Analysis page.

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