Shares of drone developer Terra Drone rose more than 10% from the previous day after the company announced on the 31st that it would collaborate with a defense subsidiary of Malaysian defense company DRB-HICOM.
Terra Drone shares rose ¥1,780 at one point in the day's trading, reaching ¥19,550. That represented an increase of approximately 10.01% from the previous day.
Terra Drone announced the same day that it would collaborate with a defense company under Malaysian conglomerate DRB-HICOM. Specific details of the collaboration, including the areas covered, remain pending explanation in the main article.
The announcement prompted market activity, and the share price was reported to have risen sharply for a time. Attention is focused on the company's future business development and trends in the defense market.
As the article is available to members only, further details could not be confirmed. The key point reported is that Terra Drone's partnership in the defense sector affected the share price.