tiprankstipranks
Alps Alpine Divests Power Inductor Business
Company Announcements

Alps Alpine Divests Power Inductor Business

Alps Alpine Co (JP:6770) has released an update.

Don't Miss our Black Friday Offers:

Alps Alpine Co., Ltd. has made a strategic decision to transfer its power inductor business to Delta Electronics (Japan), Inc. as part of an absorption-type demerger, expected to take effect from January 6, 2025. This move aims to enhance corporate value and focus on core businesses, believing that Delta Electronics’s leadership in power supply products and economies of scale will help maximize growth opportunities. The transfer aligns with Alps Alpine’s goal to achieve a P/B ratio of 1x or more by FY2027.

For further insights into JP:6770 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskAlps Alpine Co. Reports Mixed Financial Results
TipRanks Japan Auto-Generated NewsdeskAlps Alpine Reports Mixed Financial Results Amid Rising Sales
TipRanks Japan Auto-Generated NewsdeskAlps Alpine Finalizes Company Split with Subsidiary
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App