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Tomy Company, Ltd. ( (JP:7867) ) has provided an announcement.
Tomy Company, Ltd. has approved the disposal of 484,800 treasury shares, worth approximately 1.31 billion yen, to fund a continued performance-based stock compensation plan for directors, executive officers, and senior management at the company and certain subsidiaries. The shares, equivalent to about 0.52% of outstanding stock, will be transferred to a trust managed by Sumitomo Mitsui Trust Bank and Custody Bank of Japan, with Tomy arguing that tying compensation more closely to its share price will better align management and shareholder interests, support medium- to long-term corporate value growth, and have only a minimal dilutive impact on existing investors and the secondary market.
The most recent analyst rating on (JP:7867) stock is a Hold with a Yen3203.00 price target. To see the full list of analyst forecasts on Tomy Company, Ltd. stock, see the JP:7867 Stock Forecast page.
More about Tomy Company, Ltd.
Tomy Company, Ltd. is a Japan-based toy and entertainment manufacturer listed on the Prime Market of the Tokyo Stock Exchange. The company focuses on developing and marketing branded toys and related entertainment products for domestic and international consumer markets.
Average Trading Volume: 583,778
Technical Sentiment Signal: Hold
Current Market Cap: Yen244.7B
Find detailed analytics on 7867 stock on TipRanks’ Stock Analysis page.