Harmonic Drive Expects 5.8 Billion Yen Gain from Sale of Nabtesco Shares
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Harmonic Drive Systems will sell 3.3 million shares of Nabtesco Corporation , expecting a gain of 5.8 billion yen, according to a Friday filing on the Tokyo Stock Exchange. The sale aims to reduce cross-shareholdings, improve asset efficiency, and strengthen financials. Proceeds will fund growth investments in production and R&D, repay borrowings, and repurchase treasury shares to boost capital efficiency.
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