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The latest update is out from Wacom Co ( (JP:6727) ).
Wacom will acquire all shares of RE-X Expansion Inc., an IT systems and consulting firm specializing in the power and environmental sectors, turning it into a subsidiary and using it as the platform for a new business focused on community-based, co-creation projects. The move is intended to create synergies with Wacom’s Chapter 4 strategy by combining RE-X Expansion’s know-how in regional, sustainability-focused digital projects and business development with Wacom’s community-centric approach, strengthening its sustainability management, enhancing IT and project capabilities, and reinforcing its management base beyond the current mid-term plan; founder Takafumi Nakajima will join Wacom’s executive team to drive business execution and growth in the new domain.
The most recent analyst rating on (JP:6727) stock is a Hold with a Yen813.00 price target. To see the full list of analyst forecasts on Wacom Co stock, see the JP:6727 Stock Forecast page.
More about Wacom Co
Wacom Co., Ltd. is a Japan-based technology company best known for its digital pen, tablet, and inking solutions used in creative industries, education, and professional work environments. Under its medium-term plan “Wacom Chapter 4,” the company is focusing on integrating core inking technologies into holistic “inking experiences” across creation, learning/teaching, work/play, and well-being, while pursuing community-based business development and sustainability-oriented growth.
Average Trading Volume: 325,016
Technical Sentiment Signal: Buy
Current Market Cap: Yen101.7B
Find detailed analytics on 6727 stock on TipRanks’ Stock Analysis page.