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Harmonic Drive Systems ( (JP:6324) ) just unveiled an update.
Harmonic Drive Systems Inc. has decided to sell all its shares in Nabtesco Corporation, amounting to 3,265,000 shares, to align with the Corporate Governance Code and improve financial efficiency. The anticipated gain of approximately 5.8 billion yen from this sale will be used for growth investments in machinery and R&D, as well as repaying borrowings and repurchasing treasury shares to enhance capital management and shareholder returns.
More about Harmonic Drive Systems
Harmonic Drive Systems Inc. is a company operating in the manufacturing industry, specializing in precision gears and motion control solutions. The company focuses on providing innovative solutions for robotics and automation, contributing to various sectors including humanoid and autonomous robotics.
YTD Price Performance: 27.43%
Average Trading Volume: 177
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $2.59B
See more insights into 6324 stock on TipRanks’ Stock Analysis page.
