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Moriroku Holdings Co., Ltd. ( (JP:4249) ) has provided an announcement.
Moriroku Holdings Co., Ltd. announced its decision to acquire all shares of a newly established company, Preparatory Company for Molded Components Split, Inc., to integrate part of Resonac Corporation’s mobility business into its operations. This acquisition is part of Moriroku’s strategy to enhance its competitiveness and achieve its long-term vision for 2035 by creating synergies between its existing technologies and the newly acquired business, focusing on innovative products like resin backdoors and exterior foam-molded components.
The most recent analyst rating on (JP:4249) stock is a Hold with a Yen2406.00 price target. To see the full list of analyst forecasts on Moriroku Holdings Co., Ltd. stock, see the JP:4249 Stock Forecast page.
More about Moriroku Holdings Co., Ltd.
Moriroku Holdings Co., Ltd. operates in the manufacturing industry, focusing on providing valuable solutions through its expertise in manufacturing technologies and chemistry. The company is involved in the production and sale of automotive components, particularly exterior resin parts, and aims to leverage its proprietary technologies to offer high-value-added products.
Average Trading Volume: 14,009
Technical Sentiment Signal: Buy
Current Market Cap: Yen36.29B
Learn more about 4249 stock on TipRanks’ Stock Analysis page.