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MonotaRO Co ( (JP:3064) ) has issued an update.
MonotaRO Co., Ltd has decided to abolish its shareholder benefit plan, as resolved in a recent Board of Directors meeting. Instead, the company will focus on providing equitable returns to shareholders through dividends, committing to a payout ratio of 50% or more based on net income attributable to owners. This strategic shift aims to enhance profitability and corporate value, reflecting a dedication to growth and business foundation strengthening.
More about MonotaRO Co
MonotaRO Co., Ltd operates in the industrial supply industry, providing maintenance, repair, and operations (MRO) products. The company focuses on offering a wide range of tools and equipment to businesses and consumers, primarily through an e-commerce platform, targeting efficiency in product distribution and customer service.
YTD Price Performance: 3.53%
Average Trading Volume: 1,214
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $8.3B
Find detailed analytics on 3064 stock on TipRanks’ Stock Analysis page.
