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Nabtesco ( (JP:6268) ) has provided an announcement.
Nabtesco Corporation announced the acquisition of 1,138,600 of its own common shares at a cost of JPY 3,530,717,400. This move is part of a larger buyback program approved by the Board of Directors, allowing for the purchase of up to 4 million shares, with a total acquisition cost capped at JPY 10 billion, to be executed by December 30, 2025. This strategic initiative is aimed at enhancing shareholder value and optimizing the company’s capital structure.
The most recent analyst rating on (JP:6268) stock is a Buy with a Yen3452.00 price target. To see the full list of analyst forecasts on Nabtesco stock, see the JP:6268 Stock Forecast page.
More about Nabtesco
Nabtesco Corporation operates in the manufacturing industry, focusing on producing precision equipment and components. The company is known for its advanced motion control technology and serves various sectors, including transportation and automation, with a strong presence in the global market.
YTD Price Performance: 13.34%
Average Trading Volume: 761,801
Technical Sentiment Signal: Buy
Current Market Cap: Yen375.9B
Find detailed analytics on 6268 stock on TipRanks’ Stock Analysis page.