An announcement from Konica Minolta ( (JP:4902) ) is now available.
Konica Minolta has decided to liquidate its manufacturing subsidiary in China, Konica Minolta Business Technologies (WUXI) Co., Ltd., as part of its medium-term business plan to optimize production efficiency and ensure a stable supply system. The closure, which follows the end of production in February 2025, is expected to result in a financial loss of approximately 6 billion yen for the fiscal year ending March 2025, impacting the company’s financial outlook and operational strategy in the Asian region.
More about Konica Minolta
Konica Minolta, Inc. is a company listed on the Tokyo Prime Market, primarily involved in the business technologies sector. It focuses on digital workplace solutions and professional print units, aiming to enhance profitability and adapt swiftly to environmental changes.
YTD Price Performance: -15.62%
Average Trading Volume: 1,638
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.26B
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