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Nagoya Railroad Adjusts Convertible Bond Conversion Prices Following Dividend Approval

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Nagoya Railroad Adjusts Convertible Bond Conversion Prices Following Dividend Approval

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Nagoya Railroad Co., Ltd. ( (JP:9048) ) has provided an announcement.

Nagoya Railroad Co., Ltd. announced an adjustment to the conversion prices of its euro-yen denominated zero coupon convertible bonds due in 2033 and 2034. This adjustment follows the approval of a year-end dividend at the company’s 161st Ordinary Shareholders Meeting, impacting the conversion price in accordance with the bond agreements.

The most recent analyst rating on (JP:9048) stock is a Hold with a Yen1750.00 price target. To see the full list of analyst forecasts on Nagoya Railroad Co., Ltd. stock, see the JP:9048 Stock Forecast page.

More about Nagoya Railroad Co., Ltd.

Nagoya Railroad Co., Ltd. operates in the transportation industry, primarily focusing on rail services. The company is listed on the Tokyo Stock Exchange Prime and Nagoya Stock Exchange Premier markets.

Average Trading Volume: 700,590

Technical Sentiment Signal: Sell

Current Market Cap: Yen313.1B

For a thorough assessment of 9048 stock, go to TipRanks’ Stock Analysis page.

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