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Shinmaywa Industries ( (JP:7224) ) has issued an announcement.
ShinMaywa Industries has received a Cease and Desist Order and an Administrative Fine Payment Order from the Japan Fair Trade Commission due to violations of the Antimonopoly Act related to their mechanical parking systems. The company has taken several measures to prevent future violations, including compliance training and disciplinary actions against responsible personnel, while also committing to improved ethical standards and legal compliance.
More about Shinmaywa Industries
ShinMaywa Industries, Ltd. operates in the manufacturing industry, focusing on products such as mechanical parking systems. The company is listed on the Tokyo Stock Exchange and is headquartered in Takarazuka-shi, Hyogo.
YTD Price Performance: 10.88%
Average Trading Volume: 100
Technical Sentiment Signal: Sell
Current Market Cap: $656M
See more insights into 7224 stock on TipRanks’ Stock Analysis page.