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Fukoku Co., Ltd. ( (JP:5185) ) just unveiled an announcement.
Fukoku Co., Ltd. has announced a resolution to dispose of treasury stock as restricted stock compensation for five eligible directors. This move is part of a compensation system designed to incentivize directors to contribute to the company’s sustained growth and align their interests with shareholders. The disposal involves 7,600 shares at a price of 1,623 yen per share, totaling 12,334,800 yen. The initiative reflects the company’s commitment to enhancing corporate governance and shareholder value.
More about Fukoku Co., Ltd.
Fukoku Co., Ltd. operates in the manufacturing industry, focusing on producing and distributing various products, including rubber and plastic components. The company is listed on the Tokyo Stock Exchange and aims to enhance its corporate and shareholder value over the medium to long term.
Average Trading Volume: 37,588
Technical Sentiment Signal: Hold
Current Market Cap: Yen26.93B
See more insights into 5185 stock on TipRanks’ Stock Analysis page.