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Toyota ( (JP:6201) ) has shared an update.
Toyota Industries Corporation announced its operational relationship with Toyota Motor Corporation, highlighting that 41.1% of its net sales are attributed to TMC. Despite TMC’s 24.61% voting rights, Toyota Industries maintains its independence in business operations, negotiating prices annually based on arm’s-length transactions. This relationship underscores the potential impact of TMC’s vehicle sales on Toyota Industries’ business results, while also ensuring a degree of independence in its operations.
The most recent analyst rating on (JP:6201) stock is a Hold with a Yen16300.00 price target. To see the full list of analyst forecasts on Toyota stock, see the JP:6201 Stock Forecast page.
More about Toyota
Toyota Industries Corporation operates in the automotive industry, primarily assembling cars and producing automobile engines. The company is closely affiliated with Toyota Motor Corporation, which holds a significant percentage of its voting rights. Toyota Industries Corporation’s market focus includes manufacturing and sales of automobiles and their parts, with a substantial portion of its sales directed to Toyota Motor Corporation.
Average Trading Volume: 1,234,686
Technical Sentiment Signal: Buy
Current Market Cap: Yen5091.9B
See more insights into 6201 stock on TipRanks’ Stock Analysis page.