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An announcement from Mitsubishi Pencil Company, Limited ( (JP:7976) ) is now available.
Mitsubishi Pencil Company has announced its Board of Directors’ opposition to a shareholder proposal submitted by Nippon Active Value Fund plc, which includes revising remuneration under the Restricted Share Remuneration System, acquiring treasury stock, and amending the Articles of Incorporation regarding the number of external directors. The Board’s opposition is based on the current remuneration system’s alignment with long-term corporate value enhancement and shareholder interests, overseen by a Nominating and Remuneration Committee ensuring transparency and objectivity.
More about Mitsubishi Pencil Company, Limited
Mitsubishi Pencil Company, Limited operates in the writing instrument industry. The company primarily produces and sells writing tools such as pens, pencils, and markers, with a focus on providing quality stationery products to a global market.
YTD Price Performance: -4.04%
Average Trading Volume: 59,647
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen116.6B
For detailed information about 7976 stock, go to TipRanks’ Stock Analysis page.
