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Denka Co. Announces Sale of Ofuna Plant Land for Strategic Portfolio Transformation

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Denka Co. Announces Sale of Ofuna Plant Land for Strategic Portfolio Transformation

Denka Co ( (JP:4061) ) just unveiled an update.

Denka Company Limited has announced the sale of its non-current assets, specifically the land of its Ofuna Plant in Kamakura-shi, Kanagawa, as part of its portfolio transformation under the ‘Mission 2030’ management plan. The sale, which is expected to generate an extraordinary profit of approximately 8 billion yen, aims to improve capital efficiency. The company will continue to operate the plant by leasing the land until March 2026, ensuring no immediate disruption to its manufacturing operations. This strategic move is not anticipated to affect the company’s consolidated financial results for the fiscal year ending March 31, 2025, but the profit from the sale will be recorded in the fiscal year ending March 31, 2026.

More about Denka Co

Denka Company Limited operates in the chemical industry, focusing on the production and sale of chemical products. The company is engaged in a wide range of businesses, including elastomers, infrastructure and social solutions, electronics and innovative products, and life sciences. Denka’s market focus includes leveraging advanced technologies to provide solutions in various sectors, aligning with its ‘Mission 2030’ management plan.

YTD Price Performance: 0.74%

Average Trading Volume: 82

Technical Sentiment Signal: Buy

Current Market Cap: €1.19B

See more insights into 4061 stock on TipRanks’ Stock Analysis page.

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