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Tokyu ( (JP:9005) ) has provided an update.
Tokyu Corporation has announced an additional contribution to its stock-based compensation plan for directors and executive officers. The decision, made during a board meeting, aims to accommodate an increase in eligible executive officers due to newly created posts. This move is not intended to increase compensation amounts but to ensure sufficient shares are available in the trust. The planned additional acquisition comprises 119,500 shares, estimated at 250 million yen, to be executed between March 3 and March 24, 2025. This strategic adjustment reflects the company’s commitment to effectively managing its executive incentive structures without altering existing compensation limits, thus maintaining shareholder-approved constraints.
More about Tokyu
Tokyu Corporation operates within the transportation and real estate industries, primarily focusing on railway services and urban development projects in Japan.
YTD Price Performance: 6.73%
Average Trading Volume: 1,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6.75B
For detailed information about 9005 stock, go to TipRanks’ Stock Analysis page.
