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The latest announcement is out from Showa Denko KK ( (JP:4004) ).
Resonac Holdings Corporation has announced the transfer of its automotive molded parts business in Japan and Thailand to Moriroku Co., Ltd. This strategic move is part of Resonac’s long-term vision to optimize its business portfolio and ensure sustainable growth. By transferring the business to Moriroku, which has a global manufacturing footprint and expertise in resin-molded components, Resonac aims to overcome its operational constraints and enhance the competitiveness and growth potential of the business. The transaction is expected to create synergies and high added value through collaboration with Moriroku’s advanced technologies.
The most recent analyst rating on (JP:4004) stock is a Buy with a Yen6000.00 price target. To see the full list of analyst forecasts on Showa Denko KK stock, see the JP:4004 Stock Forecast page.
More about Showa Denko KK
Resonac Holdings Corporation, through its subsidiary Resonac Corporation, operates in the automotive industry, focusing on the production of resin-molded components. The company has a history of innovation in lightweighting technologies and supplies high-quality components to leading automobile manufacturers globally.
Average Trading Volume: 1,580,396
Technical Sentiment Signal: Buy
Current Market Cap: Yen975.1B
Find detailed analytics on 4004 stock on TipRanks’ Stock Analysis page.