FilingReader Intelligence
Lintec shuts paper machine, awards restricted stock
July 16, 2025 at 12:01 PM UTC•By FilingReader AI
Lintec Corporation announced the shutdown of one paper machine at its Kumagaya Plant by March 2026 due to challenging market conditions, reallocating production to four remaining machines.
The company is issuing 19,800 shares of restricted stock valued at 58.8m yen to directors and auditors as part of a revised compensation plan.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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TSE:7966•Tokyo Stock Exchange
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