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Rinnai ( (JP:5947) ) just unveiled an announcement.
Rinnai Corporation announced corrections to a previous notice regarding shareholder proposals, specifically adjusting their return on equity (ROE) expectations from upper single digits to high teens under a more effective capital policy. Additionally, the company’s Board of Directors has decided to oppose a shareholder proposal from DALTON KIZUNA FUND LP, which included amendments to the Articles of Incorporation and a share buyback implementation.
The most recent analyst rating on (JP:5947) stock is a Hold with a Yen3700.00 price target. To see the full list of analyst forecasts on Rinnai stock, see the JP:5947 Stock Forecast page.
More about Rinnai
Rinnai Corporation operates in the manufacturing industry, primarily focusing on producing heating appliances and related products. It is listed on the Tokyo Stock Exchange and the Nagoya Stock Exchange, indicating a significant market presence.
Average Trading Volume: 409,857
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen508.6B
For an in-depth examination of 5947 stock, go to TipRanks’ Stock Analysis page.