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The latest update is out from Nakayama Steel Works,Ltd. ( (JP:5408) ).
Nakayama Steel Works, Ltd. announced that its Board of Directors opposes a shareholder proposal to pay a full-year dividend equivalent to 3.5% of net assets per share. The board believes this approach could hinder the company’s long-term growth strategy, which includes significant investments in a new electric furnace aimed at reducing CO2 emissions and enhancing capital efficiency. The company emphasizes maintaining a stable dividend policy aligned with its long-term vision and financial strategies.
More about Nakayama Steel Works,Ltd.
Nakayama Steel Works, Ltd. operates in the steel industry, focusing on enhancing corporate value through strengthening its management foundation and improving profitability. The company is investing in a new electric furnace in collaboration with Nippon Steel Corporation to improve sustainability and cost competitiveness.
Average Trading Volume: 295,272
Technical Sentiment Signal: Sell
Current Market Cap: Yen34.86B
For an in-depth examination of 5408 stock, go to TipRanks’ Stock Analysis page.