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Ryosan Ryoyo Holdings plunges to yearly low after Renesas moves to terminate dealership contract◇
Ryosan Ryoyo Holdings <167A> plunged sharply, hitting a new low for the year. After the close of trading on the 2nd, the company announced that its consolidated subsidiary Ryosan Ryoyo received a proposal from Renesas Electronics Corporation <6723> to terminate their dealership contract. Sales of Renesas Electronics products at Ryosan Ryoyo Holdings' operating companies reached \84.183 billion in the fiscal year ending March 2025, accounting for 23.4% of consolidated sales. Selling pressure intensified on concerns over the potential negative impact on earnings. Ryosan Ryoyo Holdings stated that no agreement or decision has been reached at this time, and that any impact on consolidated earnings for the fiscal year ending March 2026 and beyond will be disclosed as soon as details become clear.
Source: MINKABU PRESS
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