Wacoal Holdings Transfers Lecien Corporation to TANAAKK

WACOAL HOLDINGS ( (JP:3591) ) just unveiled an update.

Wacoal Holdings Corp. has decided to transfer all shares of its wholly owned subsidiary, Lecien Corporation, to TANAAKK K.K. as part of its strategic business model reforms. This move aligns with Wacoal’s Revised Medium-Term Management Plan, aiming to improve profitability and achieve its VISION2030 targets. TANAAKK, a venture company specializing in AI and cloud capabilities, plans to leverage Lecien’s resources to revitalize and grow its business, ensuring continued support for existing customers and partners.

More about WACOAL HOLDINGS

Wacoal Holdings Corp. operates in the apparel industry, primarily focusing on the manufacture and sale of innerwear, handicraft supplies, and lace materials. The company is known for its emphasis on profitability and capital efficiency, aligning its strategies with its VISION2030 objectives.

YTD Price Performance: 0.28%

Average Trading Volume: 250

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $1.89B

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