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Tsubakimoto Chain Co. ( (JP:6371) ) just unveiled an announcement.
Tsubakimoto Chain Co. has resolved to purchase fractional shares arising from its share exchange reorganization that made Daido Kogyo Co., Ltd. a wholly owned subsidiary as of January 1, 2026. Under Japan’s Companies Act, the company will acquire 393 fractional shares of its own common stock allocated to former Daido Kogyo shareholders, paying cash based on the January 28, 2026 closing price on the Tokyo Stock Exchange, a procedural step that tidies up residual holdings from the transaction and helps complete the integration of Daido Kogyo into Tsubakimoto’s corporate structure.
The most recent analyst rating on (JP:6371) stock is a Buy with a Yen2670.00 price target. To see the full list of analyst forecasts on Tsubakimoto Chain Co. stock, see the JP:6371 Stock Forecast page.
More about Tsubakimoto Chain Co.
Tsubakimoto Chain Co., listed on the Prime Market of the Tokyo Stock Exchange, operates in the industrial components and power transmission sector, best known for chains and related mechanical parts used in automotive, industrial machinery, and conveyor systems worldwide. The company focuses on manufacturing and engineering solutions that support factory automation, logistics, and broader industrial infrastructure, positioning it as a key supplier within global manufacturing value chains.
Average Trading Volume: 189,284
Technical Sentiment Signal: Buy
Current Market Cap: Yen250.3B
For an in-depth examination of 6371 stock, go to TipRanks’ Overview page.