Mitsubishi Electric (JP:6503) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Seino Holdings has acquired a 66.6% stake in Mitsubishi Electric Logistics Corporation, which is now rebranded as MD LOGIS CORPORATION. The change marks the transition of the company to a subsidiary of Seino, while Mitsubishi Electric retains a 33.4% share and the status of equity-method affiliate. The financial impact of this transaction is under review by Seino and has been factored into Mitsubishi Electric’s financial forecasts for the fiscal year ending March 2025.
For further insights into JP:6503 stock, check out TipRanks’ Stock Analysis page.
