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Daito Construction ( (JP:1878) ) has provided an announcement.
Daito Trust Construction Co., Ltd has announced a disposal of treasury shares through a third-party allotment to Custody Bank of Japan, Ltd., as part of its Share Delivery Trust (J-ESOP) plan. This move aims to allocate shares to employees and directors as compensation for their contributions, aligning with the company’s strategy to incentivize its workforce. The disposal involves 110,000 shares, representing a minor dilution of 0.16% of the total shares issued, and is considered a reasonable step to support the company’s long-term employee incentive program.
The most recent analyst rating on (JP:1878) stock is a Buy with a Yen17338.00 price target. To see the full list of analyst forecasts on Daito Construction stock, see the JP:1878 Stock Forecast page.
More about Daito Construction
Daito Trust Construction Co., Ltd is a company listed on the Prime Market of the Tokyo Security Exchange and the Premier Market of the Nagoya Security Exchange. The company is involved in construction and real estate services, focusing on delivering innovative solutions in the industry.
Average Trading Volume: 256,506
Technical Sentiment Signal: Buy
Current Market Cap: Yen1081.4B
Learn more about 1878 stock on TipRanks’ Stock Analysis page.