Square Enix Board Opposes Shareholder Proposal for Share Repurchase

Square Enix Holdings Co ( (JP:9684) ) has shared an update.

Square Enix Holdings Co., Ltd. received a shareholder proposal from LONGCHAMP SICAV, represented by Dalton Investments, Inc., requesting a share repurchase of up to 10,000,000 shares at a total acquisition price of ¥60,000,000,000. The company’s Board of Directors opposes this proposal, arguing that it focuses on short-term gains and could undermine the company’s long-term corporate value and shareholder interests. The Board prefers to adhere to its Medium-term Business Plan, which emphasizes a balanced approach to growth investments and shareholder returns.

The most recent analyst rating on (JP:9684) stock is a Hold with a Yen4600.00 price target. To see the full list of analyst forecasts on Square Enix Holdings Co stock, see the JP:9684 Stock Forecast page.

More about Square Enix Holdings Co

Square Enix Holdings Co., Ltd. operates in the entertainment industry, primarily focusing on video game development and publishing. The company is known for its popular franchises such as Final Fantasy and Dragon Quest, and it targets a global market with a diverse range of gaming products and services.

Average Trading Volume: 581,756

Technical Sentiment Signal: Buy

Current Market Cap: Yen1023.5B

For detailed information about 9684 stock, go to TipRanks’ Stock Analysis page.