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JTEKT ( (JP:6473) ) just unveiled an announcement.
JTEKT Corporation announced the cancellation of 24,678,200 common shares, which represents 7.19% of its total issued shares, following a board resolution. This strategic move, scheduled for completion by March 14, 2025, aims to optimize the company’s capital structure and potentially enhance shareholder value.
More about JTEKT
JTEKT Corporation is a company listed on the Tokyo and Nagoya stock exchanges, known for its involvement in the manufacturing industry. The company primarily focuses on producing automotive components, bearings, and machine tools, catering to a global market.
YTD Price Performance: 3.57%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $2.65B
Learn more about 6473 stock on TipRanks’ Stock Analysis page.