$KODAMA CHEMICAL INDUSTRY (4222.JP)$ Kodama Chemical Industr...

ジャックラッセル commented on a stock · Oct 2, 2024 14:33

Kodama Chemical Industry has decided to acquire all the shares of Meppro Holdings (Chiyoda-ku, Tokyo), a manufacturer of auto parts, and make it a subsidiary. The aim is to expand its business and enhance its portfolio in the mobility-related sector. Meppro is a holding company with subsidiaries such as Yanagawa Seiki (Kameyama City, Mie Prefecture. Revenue of 48.7 billion yen, operating profit of 0.816 billion yen, net assets of 7.450 billion yen) and Daiyamet (Niigata City. Revenue of 19.2 billion yen, operating profit of 0.371 billion yen, net assets of 7.560 billion yen).

The current stock price is 370 yen.

In the medium to long term.

How much is the appropriate stock price?

Thankful 😭

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