Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Nichias ( (JP:5393) ) has provided an announcement.
NICHIAS Corporation has decided to dissolve its subsidiary, KIMITSU ROCKWOOL CORPORATION, due to unsustainable business performance caused by rising energy and raw material costs. The company has completed the disposal of the subsidiary’s assets and will proceed with special liquidation and a debt waiver, but expects no significant impact on its consolidated financial results.
More about Nichias
NICHIAS Corporation operates in the manufacturing industry, primarily producing insulation materials such as rock wool products. The company is focused on providing these materials and has a significant market presence, with KIMITSU ROCKWOOL CORPORATION being a wholly owned subsidiary.
YTD Price Performance: -13.52%
Average Trading Volume: 226,105
Technical Sentiment Signal: Buy
Current Market Cap: Yen317.3B
Find detailed analytics on 5393 stock on TipRanks’ Stock Analysis page.