ITFOR Inc. (JP:4743) has released an update.
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ITFOR Inc. has announced a decision to dispose of 57,605 common shares of treasury stock as part of a performance-linked remuneration system for its directors. The shares will be disposed of at 1,374 yen per share to Sumitomo Mitsui Trust Bank’s Trust Account, with an expected impact on the trading market deemed negligible. This move aims to align director compensation with the company’s stock performance, potentially enhancing corporate value over the medium to long term.
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