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Komori ( (JP:6349) ) has issued an update.
Komori Corporation has announced the cancellation of 1,950,000 shares of its common stock, representing 3.5% of its total shares outstanding. This move is expected to impact the company’s share structure positively by reducing the number of shares outstanding to 53,478,840, potentially enhancing shareholder value.
More about Komori
Komori Corporation operates in the manufacturing industry, focusing on printing machinery and related equipment. The company is listed on the Prime Market of the Tokyo Stock Exchange and is known for its innovation in the printing sector.
YTD Price Performance: 9.51%
Average Trading Volume: 5,000
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $449.9M
Learn more about 6349 stock on TipRanks’ Stock Analysis page.