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Sumitomo Forestry Co ( (JP:1911) ) has shared an announcement.
Sumitomo Forestry Co., Ltd. has announced the introduction of an employee stock compensation plan, approved by its Board of Directors on January 31, 2025. The plan involves a Stock Grant Trust for Employees, with Sumitomo Mitsui Trust Bank as the trustee and Custody Bank of Japan as the re-entrustment trustee. The company will allocate 4 billion yen for the acquisition of common shares through stock exchange transactions, with the trust set to begin on June 9, 2025, and end on June 31, 2031. This initiative is expected to align employee interests with company performance, potentially enhancing motivation and retention.
The most recent analyst rating on (JP:1911) stock is a Buy with a Yen7620.00 price target. To see the full list of analyst forecasts on Sumitomo Forestry Co stock, see the JP:1911 Stock Forecast page.
More about Sumitomo Forestry Co
Sumitomo Forestry Co., Ltd. operates in the forestry and housing industry, focusing on sustainable forestry management and the development of wooden homes and related products. The company is listed on the Tokyo Stock Exchange and is known for its commitment to environmental sustainability and innovation in building materials.
YTD Price Performance: -20.49%
Average Trading Volume: 1,185,229
Technical Sentiment Signal: Hold
Current Market Cap: Yen862.2B
For an in-depth examination of 1911 stock, go to TipRanks’ Stock Analysis page.