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NEC ( (JP:6701) ) just unveiled an announcement.
NEC Corporation has completed a share repurchase program authorized by its board on February 9, 2026, buying back a total of 6.8 million shares of common stock for approximately 27.29 billion yen. The latest tranche, executed between March 1 and March 24, 2026 via open market purchases on the Tokyo Stock Exchange, consisted of 2,017,600 shares at a cost of about 8.53 billion yen, effectively reaching the approved share volume target before the scheduled end of the program.
The buyback, conducted under Article 459, Paragraph 1 of Japan’s Companies Act and NEC’s Articles of Incorporation, represents about 0.51% of NEC’s outstanding shares excluding treasury stock and came in below the 30 billion yen maximum budget. By reducing its share count through treasury stock repurchases, NEC is likely aiming to enhance capital efficiency and shareholder value, signaling confidence in its financial position to investors in the Japanese equity market.
The most recent analyst rating on (JP:6701) stock is a Hold with a Yen4362.00 price target. To see the full list of analyst forecasts on NEC stock, see the JP:6701 Stock Forecast page.
More about NEC
NEC Corporation is a Japanese information and communications technology company that provides IT services, network solutions, and electronics products to enterprise, government, and telecom customers worldwide. Listed on the Tokyo Stock Exchange Prime Market under securities code 6701, NEC focuses on digital transformation, public infrastructure, and advanced communications systems.
Average Trading Volume: 10,181,561
Technical Sentiment Signal: Buy
Current Market Cap: Yen5350B
See more insights into 6701 stock on TipRanks’ Stock Analysis page.