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The latest update is out from Denyo Co., Ltd. ( (JP:6517) ).
Denyo Co., Ltd. has announced a resolution to dispose of its treasury shares through a third-party allotment as part of its performance-based share-based remuneration plan, known as the Board Benefit Trust (BBT). This move involves allocating shares to its directors as a form of compensation, with the Custody Bank of Japan, Ltd. acting as the formal allottee. The disposal aims to support the company’s ongoing director stock compensation plan, ensuring the necessary shares are available for future benefits, thereby maintaining alignment with its strategic goals and shareholder interests.
The most recent analyst rating on (JP:6517) stock is a Buy with a Yen3310.00 price target. To see the full list of analyst forecasts on Denyo Co., Ltd. stock, see the JP:6517 Stock Forecast page.
More about Denyo Co., Ltd.
Denyo Co., Ltd. operates in the manufacturing industry, primarily focusing on the production of power generators, welders, and air compressors. The company is listed on the TSE Prime Market and is known for its innovative solutions in power supply equipment.
Average Trading Volume: 23,701
Technical Sentiment Signal: Buy
Current Market Cap: Yen57.3B
Find detailed analytics on 6517 stock on TipRanks’ Stock Analysis page.