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Yodogawa Steel Works ( (JP:5451) ) has issued an announcement.
YODOKO has signed a basic agreement to sell 95% of its equity interest in Chinese subsidiary Yodogawa-Shengyu (Hefei) High-Tech Steel (YSS) to Shanghai Tsinghen International Trading, reducing its combined holding from 100% to 5% and transferring all shares owned by consolidated subsidiary Sheng Yu Steel. The move reflects management’s decision to concentrate resources on carefully selected overseas operations, following a broader portfolio and capital-efficiency review, and comes after several years of declining sales and persistent losses at YSS, signaling a strategic pullback from underperforming Chinese assets to support long-term growth and corporate value for stakeholders.
The most recent analyst rating on (JP:5451) stock is a Hold with a Yen1577.00 price target. To see the full list of analyst forecasts on Yodogawa Steel Works stock, see the JP:5451 Stock Forecast page.
More about Yodogawa Steel Works
YODOKO, Ltd., also known as Yodogawa Steel Works, is a Japan-based steel manufacturer listed on the Tokyo Stock Exchange Prime Market. The company focuses on processed steel products such as galvanized and pre-painted steel sheets, and has pursued overseas operations, including in China, as part of its broader portfolio in construction and industrial steel materials.
Average Trading Volume: 295,100
Technical Sentiment Signal: Buy
Current Market Cap: Yen223.3B
For detailed information about 5451 stock, go to TipRanks’ Stock Analysis page.