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Chuo Spring Co., Ltd. ( (JP:5992) ) has provided an update.
Chuo Spring Co., Ltd. announced the establishment of a wholly-owned subsidiary, Chuhatsu India Private Limited, in Bangalore, India, as part of its global expansion strategy. This new venture aims to manufacture and sell automobile chassis springs while also serving as a base for procuring materials locally to boost sales and profitability. The company anticipates no immediate impact on its consolidated profit for the fiscal year ending March 31, 2025.
More about Chuo Spring Co., Ltd.
Chuo Spring Co., Ltd. operates in the automotive industry, specializing in the production of precision springs, chassis springs, and control cables. It focuses on expanding its market presence internationally, particularly in regions like India, to enhance its global procurement activities and improve profitability.
YTD Price Performance: -2.33%
Average Trading Volume: 30,772
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen33.44B
See more insights into 5992 stock on TipRanks’ Stock Analysis page.