2 stories mentioning TYO:5805Updated 1d ago
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SWCC (TYO:5805) has an average rating of buy and mean price target of 17,553.33 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
SWCC (TYO:5805) has agreed to transfer all 6,200 shares it holds in AXIO Corp., a wholly owned consolidated subsidiary, to Yokogawa Rental & Lease, with the share transfer agreement concluded on May 27, and the transaction scheduled for July 1, subject to clearance under the Japanese Anti-monopoly Act.The decision to transfer AXIO, an IT solutions company specializing in cloud-based ID management services under the Keyspider brand, forms part of SWCC's business portfolio reforms under its Medium-term Management Plan, according to a Tokyo bourse filing on Thursday.The transfer price has not been disclosed under the agreement with the counterparty, though SWCC expects to record a profit from the transaction and is currently assessing the impact on its net profit.
