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Resorttrust ( (JP:4681) ) has shared an announcement.
Resorttrust, Inc. has announced its decision to dispose of treasury shares through a third-party allotment to Custody Bank of Japan, Ltd., as part of its Board Benefit Trust (BBT) and J-ESOP plans. This move aims to allocate shares to directors and employees based on performance, enhancing their motivation and aligning their interests with the company’s growth. The disposal involves 2,782,688 shares at ¥1,875 per share, totaling ¥5,217,540,000, and is expected to impact the company’s operations by incentivizing key stakeholders.
The most recent analyst rating on (JP:4681) stock is a Hold with a Yen1891.00 price target. To see the full list of analyst forecasts on Resorttrust stock, see the JP:4681 Stock Forecast page.
More about Resorttrust
Resorttrust, Inc. operates in the hospitality industry, focusing on providing resort and leisure services. It is listed on the Tokyo and Nagoya Stock Exchanges and is led by President and COO Ariyoshi Fushimi.
Average Trading Volume: 760,032
Technical Sentiment Signal: Buy
Current Market Cap: Yen405.3B
For a thorough assessment of 4681 stock, go to TipRanks’ Stock Analysis page.