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Mitsuba Corporation ( (JP:7280) ) has provided an announcement.
Mitsuba Corporation’s Board of Directors has opposed a shareholder proposal presented for the upcoming Annual General Meeting. The proposal sought to amend the Articles of Incorporation to allow shareholders to decide on dividend resolutions, citing insufficient shareholder returns. The Board argues that their current policy ensures stable returns while supporting future growth through strategic investments.
More about Mitsuba Corporation
Mitsuba Corporation operates in the automotive industry, focusing on the production of electrical components for vehicles. The company is known for its innovation in motor technology and aims to strengthen its market presence through strategic investments and development.
Average Trading Volume: 157,875
Technical Sentiment Signal: Hold
Current Market Cap: Yen38.44B
See more data about 7280 stock on TipRanks’ Stock Analysis page.