NEWS RELEASE Jul 16, 2020 R&I Affirms A, Stable: Glory Ltd. Rating and Investment Information, Inc. (R&I) has announced the following: ISSUER: Glory Ltd. Issuer Rating: A, Affirmed Rating Outlook: Stable RATIONALE: Glory Ltd. is a major manufacturer of cash-handling machines. In Japan, the company serves customers in a broad range of industries, including financial institutions, retailers, public transports and pachinko parlors. Overseas, efforts are underway to strengthen the earnings base by streamlining sales and service networks, expanding product lineups, and developing customers primarily in retailer channels. While the market size for cash-handling machines is not so large,...
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