NHK Spring Co., Ltd. ( (JP:5991) ) has provided an update.
NHK Spring Co., Ltd. has completed the sale of shares from its retirement benefit trust as part of its strategy to reduce cross-shareholdings to less than 20% of its consolidated net assets. This move aligns with the company’s policy to streamline its financial operations, and the sale is expected to have a negligible impact on its consolidated business results for the fiscal year ending March 31, 2025.
More about NHK Spring Co., Ltd.
NHK Spring Co., Ltd. operates in the manufacturing industry, focusing primarily on producing automotive suspension springs and precision components. The company is listed on the Tokyo Stock Exchange and is known for its commitment to reducing cross-shareholdings to optimize its financial structure.
YTD Price Performance: -14.22%
Average Trading Volume: 979,823
Technical Sentiment Signal: Sell
Current Market Cap: Yen391.2B
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