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Tsubakimoto Chain Co. ( (JP:6371) ) has provided an update.
Tsubakimoto Chain Co. and Daido Kogyo Co., Ltd. have announced a business integration through a share exchange, with Tsubakimoto Chain becoming the parent company and Daido Kogyo a wholly-owned subsidiary. This integration aims to leverage synergies and enhance market positioning, with the share exchange scheduled for January 1, 2026, following necessary approvals. Daido Kogyo will delist from the Tokyo Stock Exchange in December 2025.
More about Tsubakimoto Chain Co.
Tsubakimoto Chain Co. operates in the industrial sector, focusing on chain operations, motion control, mobility, and materials handling. It has expanded its business through acquisitions, including Yamakyu Chain Co., KABELSCHLEPP GmbH, Mayfran Holdings Group, and Central Conveyor Company, LLC. Daido Kogyo Co., Ltd. is a leading manufacturer of motorcycle chains in Japan and also engages in automotive parts, industrial machinery, and assistive devices.
Average Trading Volume: 271,380
Technical Sentiment Signal: Buy
Current Market Cap: Yen193.8B
See more data about 6371 stock on TipRanks’ Stock Analysis page.