Kyocera Transfers U.S. Subsidiary to TL Sapphire Holdings
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Kyocera Corporation has transferred all shares of its U.S. subsidiary, Kyocera Industrial Tools, Inc., to TL Sapphire Holdings, Inc., an affiliate of Truelink Capital Management. This move is part of Kyocera's strategy to enhance corporate value by reviewing and concentrating its business portfolio. The most recent analyst rating on Kyocera stock (JP:6971) is a Hold with a Yen2304.00 price target.
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