On the 8th, Toei Precision <7729.T> announced that it signed a basic agreement with Asahi Dai <6140.T> to establish a joint venture for the development, manufacturing, and sales of hub blades, which are one type of dicing blades used in dicing machines.

The two companies decided to establish this joint venture with the aim of quickly providing hub blades tailored to customer needs. Details of the joint venture are currently under discussion between the two companies, with the joint venture agreement expected to be signed in March and the establishment of the joint venture planned for April. The mass production sales timing by the joint venture is anticipated within the 2027 fiscal year.

The closing price on the 8th was 7,698 yen, up 68 yen from the previous day.

Provided by Wealth Advisor Company.