MinebeaMitsumi ( (JP:6479) ) has issued an update.
MinebeaMitsumi Inc. announced a capital increase for its subsidiaries, Mitsumi Automotive de Mexico and U-Shin Autoparts Mexico, to stabilize their working capital. This move is expected to classify these subsidiaries as specified subsidiaries, as their capital will exceed 10% of the company’s total capital, potentially strengthening MinebeaMitsumi’s operational stability and market position.
More about MinebeaMitsumi
MinebeaMitsumi Inc. operates in the manufacturing industry, specializing in the production and sales of precision components and electronics. The company focuses on automotive components, serving a global market with a strong emphasis on innovation and quality.
YTD Price Performance: -0.46%
Average Trading Volume: 362
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6.48B
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