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Nankai Electric Railway Co., Ltd. ( (JP:9044) ) just unveiled an update.
Nankai Electric Railway Co., Ltd. has announced the purchase of 136,600 shares of its common stock for a total of 391,780,300 yen, as part of a broader plan approved by its Board of Directors. This strategic move is part of a larger initiative to purchase up to 6,000,000 shares, which represents 5.29% of its total issued shares, excluding treasury shares, with a maximum budget of 12,000,000,000 yen. The ongoing share repurchase program is expected to enhance shareholder value and optimize the company’s capital structure.
The most recent analyst rating on (JP:9044) stock is a Buy with a Yen3200.00 price target. To see the full list of analyst forecasts on Nankai Electric Railway Co., Ltd. stock, see the JP:9044 Stock Forecast page.
More about Nankai Electric Railway Co., Ltd.
Nankai Electric Railway Co., Ltd. operates in the transportation industry, primarily focusing on railway services. The company is listed on the Tokyo Stock Exchange Prime Market and is involved in providing electric railway services across various regions.
Average Trading Volume: 497,327
Technical Sentiment Signal: Buy
Current Market Cap: Yen314B
Learn more about 9044 stock on TipRanks’ Stock Analysis page.