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Toyota Boshoku ( (JP:3116) ) has issued an announcement.
Toyota Boshoku Corporation has announced its strategic positioning within the Toyota Motor Corporation group, emphasizing its operational independence despite Toyota’s 32.45% voting rights. The company has outlined its approach to maintaining autonomy by negotiating transaction terms independently while acknowledging the financial risks associated with its heavy reliance on Toyota’s sales performance. This relationship offers stability but also poses potential financial vulnerabilities due to market fluctuations.
The most recent analyst rating on (JP:3116) stock is a Hold with a Yen2100.00 price target. To see the full list of analyst forecasts on Toyota Boshoku stock, see the JP:3116 Stock Forecast page.
More about Toyota Boshoku
Toyota Boshoku Corporation operates within the automotive industry, primarily focusing on the production and sale of automobile components. The company is significantly integrated with Toyota Motor Corporation, which holds a 32.45% voting stake, and a substantial portion of its sales are directed towards Toyota, accounting for 49.8% of its total sales.
YTD Price Performance: 0.62%
Average Trading Volume: 522,401
Technical Sentiment Signal: Buy
Current Market Cap: Yen378.1B
Find detailed analytics on 3116 stock on TipRanks’ Stock Analysis page.