NHK Spring Co., Ltd. (JP:5991) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
NHK Spring Co., Ltd. has successfully repurchased 4.75 million shares of its common stock for approximately 8.85 billion yen through the Tokyo Stock Exchange’s Off-Auction Own Share Repurchase Trading System. This move is part of a broader plan approved by the company’s Board of Directors to buy back up to 13 million shares, representing 6.05% of outstanding shares, by June 2025. The repurchase aims to improve shareholder returns and enhance capital efficiency.
For further insights into JP:5991 stock, check out TipRanks’ Stock Analysis page.