Nisshinbo traded at 1,591.00 this Wednesday March 4th, decreasing 112.50 or 6.60 percent since the previous trading session. Looking back, over the last four weeks, Nisshinbo lost 5.13 percent. Over the last 12 months, its price rose by 77.23 percent. Looking ahead, we forecast Nisshinbo to be priced at 1,699.53 by the end of this quarter and at 1,499.41 in one year, according to Trading Economics global macro models projections and analysts expectations.
Nisshinbo Holdings Inc. is a Japan-based company engaged in the electronics, brakes, precision equipment, chemicals, textiles, real estate and other business. The Company has six business segments. The Electronics segment is engaged in the manufacture and sale of disaster prevention and monitoring systems, wireless communication devices and electronic devices. The Brake segment is engaged in the manufacture and sale of friction materials for automobile brakes. The Precision Equipment segment is engaged in the manufacture and sale of mechatronics products and plastic molded products. The Chemicals segment is engaged in the manufacture and sale of rigid urethane foams, carbon products and others. The Textile segment is engaged in the manufacture and sale of cotton yarns, spandex products and clothing. The Real Estate segment is engaged in the leasing and sale of real estate. The Company is also engaged in the sale of food and industrial materials, and the insurance agency business.