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Ryobi ( (JP:5851) ) has issued an announcement.
Ryobi Limited’s Board of Directors has opposed a shareholder proposal that pertains to the appropriation of surplus and amending the Articles of Incorporation to optimize prices for Japanese business. The company emphasizes its commitment to growth investments, financial stability, and shareholder returns, planning significant investments over the next three years under its Medium-Term Management Plan. The Board argues that the proposal could jeopardize financial stability and long-term shareholder interests by allocating too much profit to dividends, thus reducing growth investment funds.
More about Ryobi
Ryobi Limited operates within the manufacturing industry and is primarily known for its die castings business. The company is focused on growth, infrastructure development, and strategic product innovations, particularly in weight reduction and electrification.
YTD Price Performance: -21.38%
Average Trading Volume: 600
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $472.4M
See more insights into 5851 stock on TipRanks’ Stock Analysis page.