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Shizuoka Financial Group to Support New Foundation with Stock Shares

Story Highlights
  • Shizuoka Financial Group plans to support a new foundation to foster regional development.
  • The foundation will be funded by disposing of treasury stock, enhancing social and corporate value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Shizuoka Financial Group to Support New Foundation with Stock Shares

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An update from Shizuoka Financial Group, Inc. ( (JP:5831) ) is now available.

Shizuoka Financial Group has announced plans to consider using shares of its stock to support a new foundation, the Shizuoka Mirai Cocreation Foundation, which is being considered by its subsidiary, Shizuoka Bank. The foundation aims to contribute to community development by supporting innovation, launching projects to address regional challenges, and developing human resources. The Group plans to establish a beneficiary trust to fund the foundation’s activities by disposing of treasury stock, with the disposal price set at one yen per share. This initiative is expected to generate medium- to long-term social value and strengthen the Group’s corporate value.

The most recent analyst rating on (JP:5831) stock is a Buy with a Yen2218.00 price target. To see the full list of analyst forecasts on Shizuoka Financial Group, Inc. stock, see the JP:5831 Stock Forecast page.

More about Shizuoka Financial Group, Inc.

Shizuoka Financial Group, Inc. is a comprehensive financial group rooted in the region, promoting various businesses through its subsidiaries to provide diverse value and contribute to the economic and cultural progress of the region. The Group’s primary focus is on enhancing the wellbeing of stakeholders and corporate value by addressing regional and customer needs.

Average Trading Volume: 1,643,845

Technical Sentiment Signal: Buy

Current Market Cap: Yen1145.9B

Learn more about 5831 stock on TipRanks’ Stock Analysis page.

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