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NOK ( (JP:7240) ) just unveiled an announcement.
NOK Corporation has entered into a share transfer agreement to sell its subsidiary, Synztec Co., Ltd., and its associated roller product business to a special purpose corporation managed by SMBC Capital Partners Co., Ltd. This move is part of NOK’s strategy to adapt to changing market conditions in the OA machinery sector, which is experiencing a shift towards paperless solutions. The transfer is expected to enable the roller product business to leverage SMBC’s management expertise and resources for further growth, potentially benefiting stakeholders by aligning with a partner that values high technology and product innovation.
The most recent analyst rating on (JP:7240) stock is a Buy with a Yen2800.00 price target. To see the full list of analyst forecasts on NOK stock, see the JP:7240 Stock Forecast page.
More about NOK
NOK Corporation operates in the office and industrial equipment industry, focusing on the production and sales of parts, accessories, and consumables. The company is known for its roller products used in OA machineries, and it is actively working on sustainable growth through optimal resource allocation.
Average Trading Volume: 312,011
Current Market Cap: Yen436B
For detailed information about 7240 stock, go to TipRanks’ Stock Analysis page.