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Tokyo Rope Completes Treasury Stock Disposal for Compensation

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Tokyo Rope Completes Treasury Stock Disposal for Compensation

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TOKYO ROPE MFG. CO., LTD. ( (JP:5981) ) has shared an update.

Tokyo Rope MFG. CO., LTD. has completed the payment for the disposal of 14,907 shares of its treasury stock as restricted stock compensation, with a total disposal price of JPY 20,184,078. This strategic move involves allocating specific restricted shares to directors and executive officers, potentially impacting the company’s financial structuring and executive compensation strategy.

The most recent analyst rating on (JP:5981) stock is a Buy with a Yen1407.00 price target. To see the full list of analyst forecasts on TOKYO ROPE MFG. CO., LTD. stock, see the JP:5981 Stock Forecast page.

More about TOKYO ROPE MFG. CO., LTD.

Tokyo Rope MFG. CO., LTD. operates in the manufacturing industry, focusing on producing ropes and related materials. The company is listed on the Prime Market of the Tokyo Stock Exchange and is led by President Hideyuki Harada.

Average Trading Volume: 30,433

Technical Sentiment Signal: Buy

Current Market Cap: Yen23.02B

Learn more about 5981 stock on TipRanks’ Stock Analysis page.

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