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Mitsuba Corporation ( (JP:7280) ) has issued an update.
Mitsuba Corporation has announced the introduction of a restricted stock compensation plan for its directors, aiming to align their interests with those of shareholders and enhance corporate value. This plan, pending shareholder approval, will allocate restricted stock to eligible directors, with a cap of 200,000 shares annually, and is designed to incentivize sustainable growth and shared value creation.
More about Mitsuba Corporation
Mitsuba Corporation operates in the automotive industry, primarily focusing on the production of automotive components. The company is known for its development and supply of products such as wiper systems, power window motors, and other electrical components for vehicles, catering to a global market.
Average Trading Volume: 157,875
Technical Sentiment Signal: Hold
Current Market Cap: Yen38.44B
Learn more about 7280 stock on TipRanks’ Stock Analysis page.