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Morozoff Limited ( (JP:2217) ) has provided an announcement.
Morozoff Limited has announced the disposal of treasury stock through a third-party allotment to The Master Trust Bank of Japan, Ltd., as part of an employee stock ownership plan (ESOP Trust). This initiative is designed to enhance employee benefits and incentivize stock price growth, which is expected to improve corporate value over the medium to long term. The disposal involves 304,200 shares at a value of 1,561 yen per share, with minimal impact on the secondary market due to the planned structure of the stock sale.
The most recent analyst rating on (JP:2217) stock is a Hold with a Yen1668.00 price target. To see the full list of analyst forecasts on Morozoff Limited stock, see the JP:2217 Stock Forecast page.
More about Morozoff Limited
Morozoff Limited operates in the food industry, primarily focusing on confectionery products. The company is listed on the Prime Market of the Tokyo Stock Exchange and aims to enhance its market presence through strategic employee incentive programs.
Average Trading Volume: 61,960
Technical Sentiment Signal: Buy
Current Market Cap: Yen32.96B
For detailed information about 2217 stock, go to TipRanks’ Stock Analysis page.