IHI (TYO:7013) will transfer its Turf Care Machinery Business from IHI Agri-Tech to a newly formed company through an absorption-type split, according to a Tokyo Stock Exchange filing on Monday.
The new entity will then have all its shares transferred to Kyoeisha.
The move aligns with IHI's strategy to focus on growth and development businesses by reallocating resources from conventional businesses.
The decision comes as domestic demand for turf care machinery is expected to decline, and international competition increases.
IHI's shares shed over 2% at market close.
Price (JPY): $8313.00, Change: $-220, Percent Change: -2.53%
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。