An update from U-NEXT HOLDINGS Co.Ltd. ( (JP:9418) ) is now available.
U-NEXT HOLDINGS Co., Ltd. announced that its subsidiary, U-POWER Co., Ltd., will acquire all shares of Kukoku Energy, Inc. from Enellink Holdings, Inc., making it a sub-subsidiary. This strategic acquisition aims to enhance U-POWER’s electricity retail business by providing diverse and high-value services, aligning with the growing demand for renewable energy. Despite Kukoku Energy’s recent financial losses, U-NEXT expects a swift return to profitability through synergies with U-POWER, with minimal impact on its current fiscal year results.
More about U-NEXT HOLDINGS Co.Ltd.
U-NEXT HOLDINGS Co., Ltd. operates in the renewable energy sector, offering sustainable electricity services to both corporate and individual customers through its subsidiary, U-POWER Co., Ltd. The company is focused on expanding its market presence and adapting to the increasing demand for renewable energy solutions.
YTD Price Performance: 11.27%
Average Trading Volume: 621,167
Technical Sentiment Signal: Sell
Current Market Cap: Yen347.2B
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