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JTEKT ( (JP:6473) ) has issued an update.
JTEKT Corporation’s Board of Directors has approved the disposal of 13,881 shares of treasury stock as part of a restricted stock compensation plan for its directors, excluding outside directors. This initiative aims to align the interests of the directors with those of the shareholders by promoting long-term value sharing and continuous improvement of the company’s value. The plan includes a 30-year transfer restriction on the shares, with specific conditions for lifting these restrictions, thereby incentivizing directors to maintain their positions and contribute to the company’s growth.
The most recent analyst rating on (JP:6473) stock is a Buy with a Yen1500.00 price target. To see the full list of analyst forecasts on JTEKT stock, see the JP:6473 Stock Forecast page.
More about JTEKT
JTEKT Corporation is a company listed on the Tokyo and Nagoya stock exchanges, primarily operating in the manufacturing industry. The company is known for its production of automotive components, bearings, and machine tools, focusing on innovation and value creation for its stakeholders.
Average Trading Volume: 1,472,091
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen372.2B
Find detailed analytics on 6473 stock on TipRanks’ Stock Analysis page.