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Furukawa Electric Co ( (JP:5801) ) has shared an update.
Furukawa Electric Co., Ltd. has announced proposed amendments to its Articles of Incorporation, which will be discussed at the upcoming Annual Shareholders Meeting. The amendments aim to transition the company to a structure with an Audit & Supervisory Committee, reduce the board size for enhanced effectiveness, and streamline decision-making processes. Additionally, the company seeks to enable quicker shareholder value distribution by allowing the Board of Directors to make surplus distribution decisions.
The most recent analyst rating on (JP:5801) stock is a Buy with a Yen4950.00 price target. To see the full list of analyst forecasts on Furukawa Electric Co stock, see the JP:5801 Stock Forecast page.
More about Furukawa Electric Co
Furukawa Electric Co., Ltd. operates in the electrical and electronics industry, focusing on the production of optical fibers, cables, and related components. The company is listed on the Prime Market of the Tokyo Stock Exchange and is known for its commitment to innovation and quality in its product offerings.
Average Trading Volume: 3,380,289
Technical Sentiment Signal: Hold
Current Market Cap: Yen338.2B
Learn more about 5801 stock on TipRanks’ Stock Analysis page.