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UMC Electronics Co., Ltd. ( (JP:6615) ) has issued an update.
UMC Electronics Co., Ltd. has announced that Toyota Industries Corporation holds 34.6% of its voting rights, categorizing it as an ‘other affiliated company.’ Despite this substantial ownership, UMC Electronics maintains operational independence, with no business restrictions imposed by Toyota. However, the company’s performance is closely tied to the sales trends of the Toyota Industries Group, which represents 32.9% of its total sales. The company’s transactions with Toyota Industries include product sales and outsourcing, highlighting a significant business relationship.
More about UMC Electronics Co., Ltd.
UMC Electronics Co., Ltd. operates in the electronics industry, primarily focusing on the production and sale of automobile-related parts. The company has a significant market focus on the Toyota Industries Group, which accounts for a substantial portion of its sales.
Average Trading Volume: 145,745
Technical Sentiment Signal: Sell
Current Market Cap: Yen8.43B
Learn more about 6615 stock on TipRanks’ Stock Analysis page.