Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
ENEOS Holdings ( (JP:5020) ) just unveiled an update.
ENEOS Holdings has announced the approval of listing for its subsidiary, JX Advanced Metals Corporation (JXAM), on the Tokyo Stock Exchange Prime Market. This listing marks a strategic shift for JXAM from a consolidated subsidiary to an equity-method affiliate, allowing it to focus on becoming a leader in the semiconductor and ICT materials sector. The listing is expected to enhance JXAM’s corporate value by enabling rapid decision-making and optimal capital structure, accelerating investments, and fostering technological differentiation. ENEOS Holdings aims to use the proceeds to support its energy transition strategy and enhance shareholder returns, while JXAM aims to drive profit growth that surpasses market growth in advanced materials.
More about ENEOS Holdings
ENEOS Holdings, Inc. operates in six business segments: Petroleum Products, High Performance Materials, Electricity, Renewable Energy, Oil & Natural Gas E&P, and Metals. The company is known for its focus on developing, manufacturing, and selling advanced materials critical to the semiconductor and ICT sectors, with core products including sputtering targets for semiconductor devices and treated rolled copper foils.
YTD Price Performance: -1.25%
Average Trading Volume: 250
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $15.18B
For detailed information about 5020 stock, go to TipRanks’ Stock Analysis page.
