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An announcement from NHK Spring Co., Ltd. ( (JP:5991) ) is now available.
NHK Spring Co., Ltd. has completed the cancellation of 13 million shares of its own stock, representing 5.33% of the total shares outstanding before cancellation. This move, resolved by the Board of Directors, is expected to impact the company’s capital structure and could influence shareholder value positively by reducing the number of shares outstanding.
More about NHK Spring Co., Ltd.
NHK Spring Co., Ltd. operates in the manufacturing industry, primarily focusing on the production of automotive suspension springs and precision components. The company is listed on the Tokyo Stock Exchange and serves a global market with its advanced technological solutions.
YTD Price Performance: -16.03%
Average Trading Volume: 1,025,882
Technical Sentiment Signal: Sell
Current Market Cap: Yen375.5B
Learn more about 5991 stock on TipRanks’ Stock Analysis page.