TSE:9962Machinery
Assessing MISUMI Group (TSE:9962) Valuation After New Oishii Agritech Agreement
Oishii agreement puts MISUMI’s agritech move in focus
MISUMI Group (TSE:9962) has signed a business agreement with Oishii Farm Corporation, using its U.S. subsidiary Fictiv to supply mechanical components and support research for vertical farming and agricultural automation.
See our latest analysis for MISUMI Group.
Despite the Oishii agreement and a recently completed buyback of 3.78% of shares, MISUMI’s 1-day share price return of a 5.8% decline and 1-month share price return of a 9.23%...