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Taki Chemical Cuts Size of Treasury Share Disposal for Employee Stock Plan

Story Highlights
  • Taki Chemical completed payment for disposing 40,964 treasury shares as restricted stock to its Employees’ Stockholding Association.
  • The disposal size was reduced due to partial forfeiture of rights, with no impact on the company’s current earnings forecast.
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Taki Chemical Cuts Size of Treasury Share Disposal for Employee Stock Plan

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Taki Chemical Co., Ltd. ( (JP:4025) ) has shared an announcement.

Taki Chemical Co., Ltd. has completed the payment procedures for the disposal of treasury shares as restricted stock to its Employees’ Stockholding Association, under a previously approved plan to grant company stock to employees via the association. Due to partial forfeiture of rights by some association members, the number of shares disposed was reduced from the initial maximum plan to 40,964 shares, lowering the total disposal amount to ¥161.2 million, and the company stated that this adjustment will not affect its earnings forecast for the current fiscal year.

The most recent analyst rating on (JP:4025) stock is a Hold with a Yen3915.00 price target. To see the full list of analyst forecasts on Taki Chemical Co., Ltd. stock, see the JP:4025 Stock Forecast page.

More about Taki Chemical Co., Ltd.

Average Trading Volume: 23,085

Technical Sentiment Signal: Buy

Current Market Cap: Yen33.01B

For an in-depth examination of 4025 stock, go to TipRanks’ Overview page.

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