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Meiji Electric ( (JP:3388) ) just unveiled an announcement.
Meiji Electric Industries Co., Ltd. announced a strategic update aimed at improving profitability and shareholder value. The company plans to enhance business quality, invest in growth areas, and promote sustainability as part of its 11th Medium-Term Management Plan. Additionally, Meiji Electric has revised its dividend policy to ensure a minimum annual dividend per share, reflecting its commitment to shareholder returns. These initiatives are expected to strengthen the company’s market recognition and improve its price-to-book ratio (PBR).
More about Meiji Electric
Meiji Electric Industries Co., Ltd. operates in the electrical industry, focusing on engineering and parts businesses with a commitment to safety and quality. The company is dedicated to expanding its global manufacturing capabilities and promoting sustainability through automation and decarbonization efforts.
Average Trading Volume: 36,270
Current Market Cap: Yen18.97B
See more insights into 3388 stock on TipRanks’ Stock Analysis page.