The latest announcement is out from TOKAI RIKA CO., LTD. ( (JP:6995) ).
TOKAI RIKA CO., LTD. announced its relationship with Toyota Motor Corporation, which holds 34.4% of its voting rights, classifying Toyota as an ‘other affiliated company.’ Despite this significant shareholding, TOKAI RIKA maintains operational independence, conducting its own research, development, production, and sales activities. The company’s substantial sales to the Toyota group highlight both the benefits and potential risks of this relationship, as changes in Toyota’s business could impact TOKAI RIKA’s financial results.
More about TOKAI RIKA CO., LTD.
TOKAI RIKA CO., LTD. operates in the automotive industry, primarily focusing on the production and sale of automotive parts. The company has a significant market focus on Toyota Motor Corporation and its group companies, with sales to this group accounting for 66% of its net sales.
YTD Price Performance: -8.22%
Average Trading Volume: 167,713
Technical Sentiment Signal: Hold
Current Market Cap: Yen187.3B
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