INABA DENKISANGYO rises for fifth straight session after announcing plan to make Fujikura's Fujikura Shoji a wholly owned subsidiary
INABA DENKISANGYO CO., LTD. <9934> extended gains to a fifth straight session. After the market close on Aug. 31, INABA DENKISANGYO announced it will acquire all shares of Fujikura Shoji, a subsidiary of Fujikura Ltd. <5803>, making it a wholly owned subsidiary. Financial terms were not disclosed. The move aims to expand INABA DENKISANGYO's lineup of Fujikura Group products. INABA DENKISANGYO also aims to combine Fujikura Shoji's expertise in electronic components and connectors with its sales network to boost proposal capabilities, expand sales opportunities, and enhance profitability. The deal is expected to contribute to future earnings.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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