Nichiha Corporation Exits General-Purpose Cladding Business in U.S.
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Nichiha Corporation has announced its exit from the general-purpose exterior cladding business in the U.S. through its subsidiary, Nichiha USA, Inc., due to declining performance and increased competition. The company will shift its focus to high-end exterior cladding for both commercial and residential markets, despite expecting one-time extraordinary losses this fiscal year. The current analyst rating for Nichiha Corporation (JP:7943) is a Hold, with a price target of Yen3207.00.
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