JPMC Cancels Its Dividend to Clear the Way for a ¥2,250-a-Share Buyout
JPMC's board scrapped this year's dividend the same day it backed a take-private tender offer priced on the assumption shareholders would get no payout at all.
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Japan Property Management Center Co.,Ltd.
Latest Tokyo Brief coverage on Japan Property Management Center Co.,Ltd., tracking filings, financial news, and market signals from Japan.
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JPMC puts 39,679 treasury shares into employee awards, locked until retirement
The company will dispose of 39,679 treasury shares to 370 employees on June 26 at ¥1,315 a share, for ¥52,177,885 in total. In most cases the stock stays restricted until just after retirement, so this is as much a retention tool as a pay package.