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Nippon Fine Chemical Co., Ltd. ( (JP:4362) ) has shared an update.
Nippon Fine Chemical Co., Ltd. announced its opposition to a shareholder proposal from Nippon Active Value Fund plc, which included the purchase of treasury shares, amendments to the articles of incorporation regarding the number of outside directors, and approval of remuneration for a share-based plan. The company’s board of directors believes that their current strategy, which includes purchasing treasury shares and investing in a new plant for functional esters, aligns better with their medium-term management plan and goals for sustainable growth and shareholder returns. The company is focused on maintaining financial stability while balancing growth investments and shareholder returns, with a target to reduce cross-shareholdings and improve capital efficiency.
More about Nippon Fine Chemical Co., Ltd.
Nippon Fine Chemical Co., Ltd. operates in the chemical industry, focusing on the production of fine chemicals. The company is involved in the manufacturing of functional esters for cosmetics, which are anticipated to see increased demand in overseas markets. Nippon Fine Chemical is committed to sustainable growth and aims to enhance capital efficiency through strategic investments in human capital, fixed assets, and R&D.
Average Trading Volume: 37,110
Technical Sentiment Signal: Hold
Current Market Cap: Yen49.89B
For detailed information about 4362 stock, go to TipRanks’ Stock Analysis page.