The Shinto HD ＜2776＞ has a high stop. It has been announced that Kitayama Shoji will become a subsidiary through a stock exchange. Kitayama Shoji's main business is the resource recycling business and resource reuse business, and owns 3 factories and 1 plant in Nagano prefecture, and the Naoetsu Port Yard in Niigata prefecture. It is also a major supplier for the company's metal recycling business. Operating income of 180 million yen was recorded for the fiscal year ending 23/9, and it seems that support effects on short-term business results are expected.
新都HD---ストップ高、北山商事の子会社を発表
Shinto HD --- Stop High announces subsidiary of Kitayama Corporation
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