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DAIFUKU rebounds on acquisition of German firm to expand automotive production line orders
DAIFUKU CO.,LTD. <6383> rebounded. After the close of trading on the 17th last week, the company announced the acquisition of Eisenmann, a German company specializing in the design and engineering of industrial painting and surface treatment equipment as well as conveyor systems. The stock attracted buying on expectations of earnings contributions. DAIFUKU believes the acquisition will expand its proposal capabilities in the automotive production line sector and aims to increase order opportunities. While the acquisition price was not disclosed, the company stated it is less than 5% of net assets as of the end of the most recent consolidated fiscal year. The company plans to acquire the shares in July. Regarding the impact on earnings, the company stated it will conduct a detailed examination and promptly disclose any matters requiring disclosure if they arise.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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