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Hirata ( (JP:6258) ) has issued an update.
Hirata Corporation has announced its decision to dispose of treasury shares through a third-party allotment as part of its performance-linked stock compensation plan. This move is intended to align the remuneration of its directors and executive officers with the company’s performance and share value, thereby enhancing corporate value over the medium to long term. The disposal involves 142,600 common shares at a price of ¥2,123 per share, with Sumitomo Mitsui Trust Bank as the scheduled allottee. The company believes the impact on the trading market will be negligible, with a calculated dilution of 0.44% of the total shares outstanding.
More about Hirata
Hirata Corporation operates in the industrial sector, focusing on manufacturing and providing automation systems and equipment. The company primarily serves industries such as automotive, semiconductor, and consumer electronics, aiming to enhance production efficiency and technological advancement.
Average Trading Volume: 165,579
Technical Sentiment Signal: Buy
Current Market Cap: Yen68.12B
See more data about 6258 stock on TipRanks’ Stock Analysis page.