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The latest announcement is out from Wakachiku Construction Co., Ltd. ( (JP:1888) ).
Wakachiku Construction Co., Ltd. has arranged new financing under existing commitment line agreements with a syndicate of 10 financial institutions, including trust, city and regional banks, to optimize its working capital structure. The company will refinance 13 billion yen of existing loans and raise an additional 8.5 billion yen under an unsecured syndication-type commitment line maturing on March 24, 2026, subject to financial covenants on net assets and ordinary profit, and it expects the impact on its business results to be immaterial, suggesting a primarily liquidity-management and balance-sheet-smoothing objective rather than a shift in business strategy.
The most recent analyst rating on (JP:1888) stock is a Hold with a Yen5055.00 price target. To see the full list of analyst forecasts on Wakachiku Construction Co., Ltd. stock, see the JP:1888 Stock Forecast page.
More about Wakachiku Construction Co., Ltd.
Wakachiku Construction Co., Ltd. is a Japanese construction company listed on the Tokyo Stock Exchange Prime Market, operating in civil engineering and building works and serving public and private sector clients in domestic and overseas markets.
Average Trading Volume: 21,264
Technical Sentiment Signal: Buy
Current Market Cap: Yen58.6B
For detailed information about 1888 stock, go to TipRanks’ Stock Analysis page.