TS Tech Announces Treasury Stock Disposal for Employee Incentive Plan

TS Tech Co., Ltd. ( (JP:7313) ) has provided an announcement.

TS Tech Co., Ltd. has announced the disposal of 419,400 shares of its treasury stock through a third-party allotment to Sumitomo Mitsui Trust Bank, Ltd., as part of an employee incentive plan. This initiative is designed to align employee interests with those of investors, aiming to boost corporate value and improve business results. The disposal represents a minor dilution of shares, which the company believes will have negligible effects on market value, thereby supporting medium- to long-term growth.

The most recent analyst rating on (JP:7313) stock is a Hold with a Yen1850.00 price target. To see the full list of analyst forecasts on TS Tech Co., Ltd. stock, see the JP:7313 Stock Forecast page.

More about TS Tech Co., Ltd.

TS Tech Co., Ltd. operates in the automotive industry, focusing on the production of seats and interior components for vehicles. The company is listed on the Tokyo Stock Exchange Prime Market and aims to enhance its market position through strategic initiatives.

Average Trading Volume: 262,280

Technical Sentiment Signal: Hold

Current Market Cap: Yen196.1B

For an in-depth examination of 7313 stock, go to TipRanks’ Stock Analysis page.