Nitta ( (JP:5186) ) has provided an update.
Nitta Corporation’s Board of Directors has opposed shareholder proposals submitted by Dalton Kizuna Fund LP for the upcoming General Meeting. The proposals included amendments to the Articles of Incorporation and distribution of surplus. The Board believes that the proposed changes to the Articles of Incorporation are not suitable as they require flexibility in management to adapt to market conditions. The company has already initiated measures to enhance capital efficiency and shareholder returns, aligning with its SHIFT2030 business plan, and emphasizes timely disclosure of its initiatives to stakeholders.
More about Nitta
Nitta Corporation operates in the industrial sector and is listed on the Prime Market of the Tokyo Stock Exchange. The company focuses on manufacturing and distributing products related to industrial belting, tubing, and other related components, serving a diverse range of industries with a focus on innovation and efficiency.
Average Trading Volume: 28,441
Current Market Cap: Yen100.3B
For a thorough assessment of 5186 stock, go to TipRanks’ Stock Analysis page.