tiprankstipranks
Trending News
More News >

Torishima Pump Announces Disposal of Treasury Shares for Compensation

Story Highlights
Torishima Pump Announces Disposal of Treasury Shares for Compensation

Confident Investing Starts Here:

Torishima Pump Mfg.Co., Ltd. ( (JP:6363) ) just unveiled an announcement.

Torishima Pump Mfg., Co., Ltd. announced its decision to dispose of treasury shares as a form of restricted stock compensation, following a resolution at its Board of Directors meeting. This move involves the disposal of 37,725 shares at a price of ¥1,829 per share, amounting to a total of ¥68,999,025, and is aimed at compensating directors and executive officers, potentially impacting the company’s financial strategy and stakeholder interests.

More about Torishima Pump Mfg.Co., Ltd.

Torishima Pump Mfg., Co., Ltd. operates in the manufacturing industry, primarily focusing on the production of pumps. The company is listed on the Tokyo Stock Exchange Prime Market and is led by CEO Kotaro Harada.

Average Trading Volume: 73,024

Technical Sentiment Signal: Hold

Current Market Cap: Yen48.01B

For an in-depth examination of 6363 stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1