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NORITAKE surges to daily limit, hitting new all-time high on fund inflows focused on MLCC materials
NORITAKE CO., LIMITED <5331> surged to its daily limit of 4,635 yen, hitting a fresh all-time high. The stock remained locked at the limit on unfilled buy orders. Tokyo-based Strategic Capital recently submitted a shareholder proposal calling for a review of unprofitable operations, including the company's traditional tableware business. While the company has opposed the proposal, market attention is focused not only on the annual general meeting scheduled for June 25 but also on NORITAKE's potential as a materials manufacturer. With demand for multilayer ceramic capacitors (MLCCs) for AI data centers expected to surge, electronic component shares have attracted strong investor interest. As a supplier of MLCC materials, NORITAKE has seen fund inflows from investors favoring MLCC-related shares, accelerating its rally.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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