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An update from Tokyo Steel Manufacturing Co ( (JP:5423) ) is now available.
Tokyo Steel Manufacturing Co., Ltd. announced the disposal of 11,557 treasury shares as part of a restricted stock compensation plan for its directors and executive officers. This move is designed to incentivize sustainable corporate value enhancement and align the interests of management with shareholders. The disposal price is set at ¥1,660 per share, reflecting the market value, and the shares will be subject to a transfer restriction period until August 2055. This initiative underscores the company’s commitment to long-term growth and stakeholder alignment.
The most recent analyst rating on (JP:5423) stock is a Buy with a Yen2150.00 price target. To see the full list of analyst forecasts on Tokyo Steel Manufacturing Co stock, see the JP:5423 Stock Forecast page.
More about Tokyo Steel Manufacturing Co
Tokyo Steel Manufacturing Co., Ltd. operates in the steel manufacturing industry, primarily focusing on producing and distributing steel products. The company is listed on the Tokyo Stock Exchange Prime Market and aims to enhance corporate value and promote value sharing with shareholders.
Average Trading Volume: 328,298
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen183.4B
Learn more about 5423 stock on TipRanks’ Stock Analysis page.