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Showa Holdings Co., Ltd. ( (JP:5103) ) just unveiled an announcement.
Showa Holdings Co., Ltd. has announced a significant legal development concerning a shareholder derivative lawsuit. The Tokyo High Court ruled in favor of the plaintiff shareholder, Mr. Tatsuya Konoshita, against Mr. Nicholas James Gronow, a director of the company, for breaches of fiduciary duties. The court ordered Mr. Gronow to pay damages of ¥3,815,468, marking a reversal of the initial dismissal by the Chiba District Court. This judgment highlights the company’s internal governance challenges and may impact its reputation and stakeholder relations.
The most recent analyst rating on (JP:5103) stock is a Hold with a Yen59.00 price target. To see the full list of analyst forecasts on Showa Holdings Co., Ltd. stock, see the JP:5103 Stock Forecast page.
More about Showa Holdings Co., Ltd.
Average Trading Volume: 295,511
Technical Sentiment Signal: Sell
Current Market Cap: Yen3.64B
For a thorough assessment of 5103 stock, go to TipRanks’ Stock Analysis page.