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Kureha ( (JP:4023) ) has provided an announcement.
Kureha Corporation has announced a change in its dividend policy to enhance shareholder value by adopting a Dividend on Equity (DOE) approach, linking dividends to consolidated shareholders’ equity. This strategic shift aims to address declining return on equity and price-to-book ratio, with plans to utilize asset sales proceeds to support stable dividend payments and improve profitability across existing businesses.
More about Kureha
Kureha Corporation operates in the chemical industry, focusing on enhancing profitability and shareholder returns through strategic balance sheet management and cost reductions. The company is addressing challenges in the electric vehicle market and aims to improve its financial metrics.
YTD Price Performance: -7.83%
Average Trading Volume: 164,814
Technical Sentiment Signal: Sell
Current Market Cap: Yen141.3B
For a thorough assessment of 4023 stock, go to TipRanks’ Stock Analysis page.