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Union Tool Co. ( (JP:6278) ) has issued an update.
Union Tool Co. has completed the payment procedures for a disposal of treasury shares under its restricted stock plan for employees, adjusting the final number of shares allotted to 138,950 common shares to 889 employees, down slightly from the originally planned 139,800 shares to 893 employees, with a total disposal value of about ¥996 million at an unchanged price of ¥7,170 per share. The revision stems from the forfeiture of rights by four individuals who either no longer met eligibility criteria or declined the allotment, and the company expects the impact of these changes on its current fiscal-year earnings to be minor, indicating that the equity-based incentive program’s operational effect and dilution remain limited for shareholders and other stakeholders.
The most recent analyst rating on (JP:6278) stock is a Buy with a Yen10227.00 price target. To see the full list of analyst forecasts on Union Tool Co. stock, see the JP:6278 Stock Forecast page.
More about Union Tool Co.
Union Tool Co. is a Japan-based manufacturer listed on the TSE Prime that produces industrial tools, including precision cutting tools, serving manufacturing sectors that require high-specification tooling solutions.
Average Trading Volume: 251,446
Technical Sentiment Signal: Buy
Current Market Cap: Yen145.6B
See more insights into 6278 stock on TipRanks’ Stock Analysis page.