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Star Micronics Co., Ltd ( (JP:7718) ) has shared an update.
Star Micronics Co., Ltd has announced a capital and business alliance involving the issuance of new shares through third-party allotment, retirement of own shares, and a change in the largest shareholder. This strategic move is part of their effort to strengthen their investment strategy and capital allocation policy, supporting their second medium-term management plan. The company aims to maintain a strong financial base and establish a solid management platform for further growth, targeting net sales of ¥100.0 billion and operating income of ¥20.0 billion by FY2030. The fundraising will support expansion into the medical business and enhance their corporate value.
More about Star Micronics Co., Ltd
Star Micronics Co., Ltd operates in the manufacturing industry, primarily focusing on machine tools and special products. The company aims to expand into medical-related fields and establish itself as a leading manufacturer of automatic lathes while also becoming a total solution provider for store operations.
YTD Price Performance: -6.25%
Average Trading Volume: 256
Technical Sentiment Signal: Strong Buy
Current Market Cap: €382.9M
For an in-depth examination of 7718 stock, go to TipRanks’ Stock Analysis page.