Tsubaki Nakashima Co., Ltd (JP:6464) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Tsubaki Nakashima Co., Ltd. has uncovered falsified quality inspection data for ball screws at its Koriyama plant, prompting the formation of a Special Investigation Committee to address the issue. The company is working to assess the impact on its business and is committed to restoring trust through enhanced quality assurance measures. The ball screw business involved accounts for a modest 3% of the company’s overall sales revenue.
For further insights into JP:6464 stock, check out TipRanks’ Stock Analysis page.