3 stories mentioning TYO:6268Updated 2h ago
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Nabtesco (TYO:6268) has an average rating of overweight and mean price target of 5,550 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://finwires.com/en/contact)
Japanese stocks pared a historic morning rally, sparked by overnight gains in U.S. technology shares, to finish almost entirely flat on Wednesday, as late-session profit-taking erased a major tech-driven breakout.The Nikkei 225 closed virtually unchanged, up just 3.32 points to finish at 64,999.41.Chip-related stocks in Japan spearheaded the morning sentiment, with heavyweights Advantest (TYO:6857) and Tokyo Electron (TYO:8035) both surging more than 5% intraday before trimming gains by the closing bell.On the domestic front, the yen's real effective exchange rate has dropped to its lowest level since the 1970s, severely eroding Japan's external purchasing power as persistent trade deficits and volatile oil import costs compound structural selling pressure, Nikkei reported Wednesday, citing the Brookings Institution's Robin Brooks.Meanwhile, on the corporate side, Japanese machinery manufacturer Nabtesco (TYO:6268) plans to begin mass production of fully electric power steering systems for large commercial vehicles in 2027, Nikkei reported Wednesday.Murata Manufacturing (TYO:6981) declared a year-end dividend of 35 yen per share for fiscal year 2025, matching earlier forecasts and higher than the 30 yen per share paid a year ago.
Japanese machinery manufacturer Nabtesco (TYO:6268) plans to begin mass production of fully electric power steering systems for large commercial vehicles in 2027, Nikkei reported on Wednesday.This will mark the world's first mass production of such a system for large trucks and buses, with expected uptake in China, the largest EV market, likely to drive broader global adoption, the news agency said.Nabtesco recently supplied a newly developed fully electric power steering unit to China's state-owned CRRC, a global leader in rolling stock manufacturing, the publication said.CRRC intends to integrate the component into its next-generation bus system featuring four connected carriages, which is currently undergoing prototype vehicle trials, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
