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Seibu Giken rebounds on major order win by Chinese subsidiary for shipbuilding paint facility
Shares of Seibu Giken Co.,Ltd. <6223> rebounded. The company announced after the market close on May 26 that its Chinese subsidiary has secured a major order for a shipbuilding paint facility, fueling investor buying.
The contract is for a volatile organic compound (VOC) concentrator for a major Chinese shipyard. While specific details such as the customer name and number of units were not disclosed, the order is valued at approximately 500 million yen. Delivery is scheduled for the third quarter of the fiscal year ending December 2026, and Seibu Giken stated that the order has already been factored into its earnings forecast.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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