Tsubaki Nakashima Co., Ltd (JP:6464) has released an update.
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Tsubaki Nakashima Co., Ltd. has announced the revision of its previous incorporation-type company split to an absorption-type company split, leading to the transfer of its ball screws and ball ways manufacturing business to a new wholly-owned subsidiary, NewCo, which will subsequently be sold to MINEBEA MITSUMI Inc. The transaction is set to take place on December 10, 2024, and is aimed at refocusing the company’s resources on its core ceramic and medical device businesses to drive sustainable growth and enhance corporate value.
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