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Toyo Tire ( (JP:5105) ) has provided an announcement.
Toyo Tire Corporation has announced its relationship with Mitsubishi Corporation, which holds 20% of Toyo Tire’s voting rights, positioning Toyo as an equity-method affiliate. The companies have a capital and business alliance to strengthen sales, technology, and resources, aiming to maximize synergies. Despite this relationship, Toyo Tire maintains its independence, with business activities and management decisions made internally.
More about Toyo Tire
Toyo Tire Corporation operates in the tire industry, focusing on manufacturing and distributing a range of tire products. The company is known for its technological capabilities and aims to enhance its market presence through strategic collaborations.
YTD Price Performance: 17.23%
Average Trading Volume: 638
Technical Sentiment Signal: Strong Sell
Current Market Cap: $2.77B
See more insights into 5105 stock on TipRanks’ Stock Analysis page.