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Morito Co., Ltd. ( (JP:9837) ) has issued an announcement.
Morito Co., Ltd. has announced a decision by its Board of Directors to cancel 3.2 million treasury shares, which constitutes 10.67% of the total shares issued before cancellation. This move is expected to streamline the company’s capital structure, potentially enhancing shareholder value and reflecting a strategic approach to managing its equity base.
The most recent analyst rating on (JP:9837) stock is a Buy with a Yen1798.00 price target. To see the full list of analyst forecasts on Morito Co., Ltd. stock, see the JP:9837 Stock Forecast page.
More about Morito Co., Ltd.
Morito Co., Ltd. operates in the manufacturing industry, focusing on producing various fastening materials, apparel accessories, and related products. The company is positioned in the market with a focus on innovation and quality, catering to a diverse range of industries including fashion, automotive, and more.
Average Trading Volume: 86,862
Technical Sentiment Signal: Buy
Current Market Cap: Yen43.81B
Learn more about 9837 stock on TipRanks’ Stock Analysis page.