Tokuyama ( (JP:4043) ) has issued an announcement.
Tokuyama Corporation has announced updates on its management strategies to improve capital cost awareness and stock price performance. Despite growth in business performance and stock price, the company’s price book-value ratio remains below 1x, prompting efforts to transform its business portfolio. Key initiatives include enhancing shareholder returns, prioritizing investments in growth businesses, and discontinuing underperforming operations. The company aims to exceed a PBR of 1x and achieve sustainable growth, aligning with its Medium-Term Management Plan 2025.
More about Tokuyama
Tokuyama Corporation operates in the chemical industry, focusing on creating a sustainable future through chemistry. The company is committed to environmental harmony and collaborates closely with its customers. It aims to transform its business portfolio to increase the share of net sales from growth businesses and contribute to global warming mitigation.
YTD Price Performance: 15.50%
Technical Sentiment Signal: Strong Sell
Current Market Cap: $1.36B
For detailed information about 4043 stock, go to TipRanks’ Stock Analysis page.