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The latest update is out from Wakachiku Construction Co., Ltd. ( (JP:1888) ).
Wakachiku Construction Co., Ltd. has arranged new borrowings under existing commitment line agreements with a syndicate of 10 trust, city and regional banks to secure working capital. The company will repay 13 billion yen of existing loans and draw 11.5 billion yen under a 13 billion yen unsecured syndication-type commitment line maturing on January 23, 2026, subject to financial covenants on net assets and ordinary profit, with management stating that the impact on business results will be immaterial.
The most recent analyst rating on (JP:1888) stock is a Hold with a Yen5194.00 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 (code 1888). It operates in the general construction and civil engineering sector, serving public and private clients and relying on access to bank financing to support its working capital and ongoing projects.
Average Trading Volume: 18,798
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen60.83B
For detailed information about 1888 stock, go to TipRanks’ Stock Analysis page.