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Japan Pulp and Paper Co. Ltd. ( (JP:8032) ) has provided an update.
Japan Pulp & Paper Co. Ltd. has announced a decision by its Board of Directors to acquire and retire its own shares to improve capital efficiency and adapt to changing business conditions. This move includes acquiring up to 10 million shares through the Tokyo Stock Exchange’s off-auction trading system, with a maximum cost of JPY 7.58 billion. The company will retire 30 million shares, potentially altering its major shareholders, though it will not significantly impact its relationship with Oji Holdings Corporation.
The most recent analyst rating on (JP:8032) stock is a Buy with a Yen809.00 price target. To see the full list of analyst forecasts on Japan Pulp and Paper Co. Ltd. stock, see the JP:8032 Stock Forecast page.
More about Japan Pulp and Paper Co. Ltd.
Japan Pulp & Paper Co. Ltd. operates in the paper industry, focusing on the distribution and sale of paper products. It is listed on the Tokyo Stock Exchange and engages in the acquisition and retirement of its own shares to enhance capital efficiency.
Average Trading Volume: 163,736
Technical Sentiment Signal: Buy
Current Market Cap: Yen108.2B
See more insights into 8032 stock on TipRanks’ Stock Analysis page.