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Mitsuba Completes Treasury Stock Disposal for Compensation

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Mitsuba Completes Treasury Stock Disposal for Compensation

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Mitsuba Corporation ( (JP:7280) ) has shared an announcement.

Mitsuba Corporation has successfully completed the payment procedures for the disposal of treasury stock as part of its Restricted Stock Compensation plan. This move involves the disposal of 76,817 shares at a price of 807 Yen per share, totaling 61,991,319 Yen, and is aimed at compensating directors and officers, potentially impacting the company’s financial structure and stakeholder interests.

More about Mitsuba Corporation

Mitsuba Corporation operates in the automotive industry, focusing on the production of electrical components and systems for vehicles. The company is listed on the Prime Market of the Tokyo Stock Exchange and is known for its innovative solutions in automotive technology.

Average Trading Volume: 84,998

Technical Sentiment Signal: Buy

Current Market Cap: Yen39.53B

For a thorough assessment of 7280 stock, go to TipRanks’ Stock Analysis page.

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