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Maruichi Steel Tube Ltd. ( (JP:5463) ) has provided an announcement.
Maruichi Steel Tube Ltd. announced the acquisition of 382,600 of its own shares, amounting to 1,431,295,200 yen, as part of a broader share repurchase strategy approved by its Board of Directors. This move is part of a larger plan to acquire up to 3,000,000 shares by March 2026, aimed at optimizing capital structure and potentially boosting shareholder value.
The most recent analyst rating on (JP:5463) stock is a Buy with a Yen3854.00 price target. To see the full list of analyst forecasts on Maruichi Steel Tube Ltd. stock, see the JP:5463 Stock Forecast page.
More about Maruichi Steel Tube Ltd.
Maruichi Steel Tube Ltd. operates in the steel industry, focusing on the production and distribution of steel tubes. The company is listed on the Tokyo Stock Exchange Prime Market and is known for its commitment to enhancing shareholder value through strategic financial maneuvers.
Average Trading Volume: 160,195
Technical Sentiment Signal: Buy
Current Market Cap: Yen273.9B
For a thorough assessment of 5463 stock, go to TipRanks’ Stock Analysis page.