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Morito Co., Ltd. ( (JP:9837) ) has issued an update.
Morito Co., Ltd. has announced the repurchase of 95,500 shares of its common stock, amounting to a total acquisition cost of 157,142,300 yen, conducted through market purchases on the Tokyo Stock Exchange. This move is part of a broader strategy approved by the Board of Directors to acquire up to 1,200,000 shares, aiming to enhance shareholder value and optimize capital structure.
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 and distributing various fasteners and accessories. The company is listed on the Tokyo Stock Exchange and is headquartered in Osaka, Japan.
Average Trading Volume: 103,479
Technical Sentiment Signal: Buy
Current Market Cap: Yen38.89B
For a thorough assessment of 9837 stock, go to TipRanks’ Stock Analysis page.