Morito Co., Ltd. ( (JP:9837) ) has issued an announcement.
Morito Co., Ltd. has resolved to acquire Mitsuboshi Corporation, turning it into a subsidiary. This acquisition aims to enhance Morito’s expertise in sales and product offerings in the workwear and uniform industries, leveraging Mitsuboshi’s strength in these areas. By integrating Mitsuboshi’s procurement and sales network, Morito seeks to increase efficiency and reinforce its position in the global apparel market.
More about Morito Co., Ltd.
Morito Co., Ltd. is involved in the manufacturing and sales of apparel-related materials and products for the lifestyle industry, including automotive interior components. The company focuses on becoming a global niche leader by expanding its market share through strategic M&A activities.
YTD Price Performance: 2.25%
Average Trading Volume: 68,542
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: Yen42.07B
See more data about 9837 stock on TipRanks’ Stock Analysis page.