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An update from UMC Electronics Co., Ltd. ( (JP:6615) ) is now available.
UMC Electronics Co., Ltd. has announced a plan to comply with the Tokyo Stock Exchange’s listing maintenance criteria after failing to meet the standards for market capitalization and average daily trading value. The company is implementing initiatives to improve corporate value and achieve sustainable growth, including a mid-to-long-term plan called the ‘2030 Vision,’ targeting 200 billion yen in sales and a 3% operating profit margin. Despite recent challenges, UMC Electronics has seen improvements in operating profit and ordinary profit, and it continues to focus on increasing transaction volumes across its main business areas.
More about UMC Electronics Co., Ltd.
UMC Electronics Co., Ltd. operates in the electronics manufacturing services (EMS) industry, focusing on automotive equipment, office automation equipment, and industrial equipment. The company is working to enhance its production capacity to meet the growing demand in the electrified vehicle market and aims to strengthen its systems to align with customer demands and market expansion.
Average Trading Volume: 145,745
Technical Sentiment Signal: Sell
Current Market Cap: Yen8.43B
See more data about 6615 stock on TipRanks’ Stock Analysis page.