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LIXIL Group ( (JP:5938) ) has shared an announcement.
LIXIL Corporation has announced the issuance of new shares as part of a Restricted Stock Compensation Plan for its directors, replacing the previous Phantom Stock Plan. This move aims to align the interests of directors with those of shareholders and enhance corporate value over the long term. The plan involves issuing 24,592 common shares at a price of JPY1,627 each, with a total issuance amount of JPY40,011,184. The shares will be subject to transfer restrictions until the directors retire, ensuring their commitment to the company’s growth and stability.
The most recent analyst rating on (JP:5938) stock is a Buy with a Yen2300.00 price target. To see the full list of analyst forecasts on LIXIL Group stock, see the JP:5938 Stock Forecast page.
More about LIXIL Group
LIXIL Corporation operates in the building materials and housing equipment industry, focusing on products such as windows, doors, and bathroom and kitchen fixtures. The company is listed on the Tokyo Stock Exchange Prime market and the Nagoya Stock Exchange Premier market.
YTD Price Performance: -3.84%
Average Trading Volume: 1,271,966
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen465.1B
For an in-depth examination of 5938 stock, go to TipRanks’ Overview page.