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An announcement from Fuji Oil Company. Limited ( (JP:5017) ) is now available.
Fuji Oil Company’s Board of Directors has opposed a shareholder proposal to amend the Articles of Incorporation to establish a committee for considering strategic privatization by Idemitsu Kosan Co., Ltd. The Board believes that the existing framework, which includes independent directors and external experts, is sufficient for deliberating management strategies and enhancing corporate value. The company emphasizes its commitment to flexibility in organizational structure to adapt to changes and pursue sustainable corporate growth.
More about Fuji Oil Company. Limited
Fuji Oil Company, Ltd. operates in the energy sector, focusing primarily on the fuel oil business. The company is engaged in a strategic capital and business alliance with Idemitsu Kosan Co., Ltd., aiming to enhance synergies in fuel oil supply and distribution, including the development of carbon-neutral fuel solutions.
Average Trading Volume: 405,758
Technical Sentiment Signal: Sell
Current Market Cap: Yen22.12B
For a thorough assessment of 5017 stock, go to TipRanks’ Stock Analysis page.
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