Nippon Seisen Co., Ltd. ( (JP:5659) ) has provided an announcement.
Nippon Seisen Co., Ltd. announced its relationship with its parent company, Daido Steel Co., Ltd., which holds a 50.63% voting stake. This relationship positions Nippon Seisen within the Daido Steel group, with significant business interactions but no financial loans or guarantees. The announcement also highlights the integration of personnel between the companies, with shared directors and seconded employees, reflecting a strong operational synergy.
More about Nippon Seisen Co., Ltd.
Nippon Seisen Co., Ltd. operates in the stainless steel industry, focusing on the secondary fabrication and related business of stainless steel wires. The company is part of the Daido Steel group, which holds a majority of its voting rights and supplies essential raw materials.
Average Trading Volume: 59,612
Technical Sentiment Signal: Sell
Current Market Cap: Yen32.14B
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