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Noritake Co.,Limited ( (JP:5331) ) just unveiled an announcement.
Noritake’s board has formally opposed shareholder proposals submitted by INTERTRUST TRUSTEES (CAYMAN) LIMITED, acting as trustee of JAPAN-UP, and Strategic Capital, Inc. for the upcoming 145th Annual Shareholders’ Meeting. The key proposal seeks to shift authority over year-end dividend decisions from the board to the general meeting of shareholders.
The board argues that maintaining board-level control over dividends is essential for agile capital policy and alignment with its 13th three-year business plan, which targets a higher dividend payout ratio and total return ratio. Citing recent dividend increases and significant share buybacks, directors contend that flexibility is needed to balance shareholder returns with growth investments and financial soundness, and that moving decisions to shareholders could hinder medium- to long-term value creation.
More about Noritake Co.,Limited
Noritake Co., Limited is a Japanese manufacturer listed on the Tokyo Prime and Nagoya Premier markets, known for its ceramics and related industrial products. The company focuses on business transformation into growth areas, boosting production, expanding sales, and pursuing strategic alliances to enhance earnings power, improve ROE, and lift its valuation in capital markets.
Average Trading Volume: 241,121
Technical Sentiment Signal: Buy
Current Market Cap: Yen198.4B
For an in-depth examination of 5331 stock, go to TipRanks’ Overview page.