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Toyota Tsusho will subscribe to a third-party allotment of shares from Fujihatsu, applying the equity method.

Kabushiki Shimbun ·  May 19 01:39

Toyota Tsusho <8015.T> announced on the 16th, last Friday, that it would underwrite a third-party allocation of shares from Fuji Spring (Asaka City, Hyogo Prefecture) and make it an equity-method affiliate.

According to the company, Fuji Spring mainly engages in the design and manufacture of precision parts and molds, and holds a top-tier Share in Japan for the production of battery Cell cases and Cell covers for vehicles. This investment will lead to the acquisition of 34% of Fuji Spring's Stocks. The cooperation between the two companies aims to flexibly respond to the diversifying needs of electric vehicles and strengthen the battery supply chain.

The closing price on the 16th, last Friday, was 3,024 yen, up 22 yen from the previous day.

Provided by: Wealth Advisor Company

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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