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Premium Group Co., Ltd. to Liquidate Auto Credit Receivables

Story Highlights
  • Premium Group plans to liquidate auto credit receivables to mitigate interest rate risks.
  • The liquidation aims to strengthen financial foundations with minimal impact expected this fiscal year.
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Premium Group Co., Ltd. to Liquidate Auto Credit Receivables

Premium Group Co., Ltd. ( (JP:7199) ) has shared an announcement.

Premium Group Co., Ltd. announced the liquidation of auto credit receivables through the Aozora Positive Impact Finance program to mitigate interest rate risks and strengthen financial foundations. This move, scheduled for execution on February 27, 2025, involves a liquidation amount of approximately 7.3 billion yen and is designed to align with sustainable finance principles, though it is expected to have minimal impact on the company’s financial performance in the fiscal year ending March 31, 2025.

More about Premium Group Co., Ltd.

Premium Group Co., Ltd. operates in the finance industry, focusing on providing auto credit services. The company is involved in managing receivables and aims to enhance its financial stability through strategic asset management.

YTD Price Performance: -12.11%

Average Trading Volume: 174,898

Technical Sentiment Consensus Rating: Sell

Current Market Cap: Yen91.47B

For detailed information about 7199 stock, go to TipRanks’ Stock Analysis page.

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