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Juki Corporation ( (JP:6440) ) has provided an update.
Juki Corporation has decided to terminate its joint venture with Sony Global Manufacturing & Operations Corporation by acquiring all shares of Juki Automation Systems Corporation, making it a wholly-owned subsidiary. This strategic move aims to enhance management efficiency and agility, while maintaining a business relationship with Sony. The impact on Juki’s performance is expected to be minor.
The most recent analyst rating on (JP:6440) stock is a Hold with a Yen434.00 price target. To see the full list of analyst forecasts on Juki Corporation stock, see the JP:6440 Stock Forecast page.
More about Juki Corporation
Juki Corporation operates in the industrial equipment sector, focusing on the development, design, sales, and after-sales service of industrial equipment. The company has a market presence on the Prime Market of the Tokyo Stock Exchange and has previously collaborated with Sony Global Manufacturing & Operations Corporation in a joint venture.
Average Trading Volume: 106,678
Technical Sentiment Signal: Hold
Current Market Cap: Yen13.33B
Learn more about 6440 stock on TipRanks’ Stock Analysis page.