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NHK Spring Opposes Shareholder Proposal on External Directors

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NHK Spring Co., Ltd. ( (JP:5991) ) has issued an update.

NHK Spring’s Board of Directors has opposed a shareholder proposal concerning the amendment of the Articles of Incorporation related to the composition of external directors. The company has a Nomination and Compensation Committee with a majority of independent external directors to ensure transparency in director nominations and remuneration decisions. NHK Spring aims to achieve a consolidated ROE of 10% or higher and has been increasing dividends and repurchasing shares to enhance corporate value over the medium to long term.

More about NHK Spring Co., Ltd.

NHK Spring Co., Ltd. operates in the manufacturing industry, focusing on producing indispensable key components. The company emphasizes corporate management, technology, finance, and global environment, aiming to enhance corporate value and contribute to a sustainable society.

Average Trading Volume: 1,009,256

Technical Sentiment Signal: Buy

Current Market Cap: Yen345.7B

Learn more about 5991 stock on TipRanks’ Stock Analysis page.

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