Nippon Paper Opposes Shareholder Proposal on Cross-Held Shares

Nippon Paper ( (JP:3863) ) just unveiled an update.

Nippon Paper Industries’ Board of Directors has decided to oppose a shareholder proposal that suggests amendments to the Articles of Incorporation regarding the sale and verification of cross-held shares. The company emphasizes its strategic policy of holding stocks deemed necessary for business strategy and relationships, and has been actively reducing its cross-shareholdings. They aim to eliminate all cross-shareholdings, targeting a reduction of listed shares by 15 billion yen over the next three years, reflecting a commitment to align with shareholder and investor feedback.

The most recent analyst rating on (JP:3863) stock is a Sell with a Yen900.00 price target. To see the full list of analyst forecasts on Nippon Paper stock, see the JP:3863 Stock Forecast page.

More about Nippon Paper

Nippon Paper Industries Co., Ltd. operates in the paper industry, focusing on the production and distribution of paper products. The company is known for its strategic business relationships and has a market focus on enhancing corporate value through long-term partnerships.

Average Trading Volume: 725,713

Technical Sentiment Signal: Hold

Current Market Cap: Yen119.9B

See more data about 3863 stock on TipRanks’ Stock Analysis page.