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The latest update is out from Nichias ( (JP:5393) ).
NICHIAS Corporation has announced its decision to purchase up to 1,400,000 of its own shares, representing 2.19% of the total shares issued, as part of a strategy to enhance shareholder returns and improve capital efficiency. This move, resolved by the Board of Directors, involves a maximum expenditure of 5 billion yen and will be conducted through market purchases on the Tokyo Stock Exchange, with plans to cancel the acquired shares to optimize capital structure.
The most recent analyst rating on (JP:5393) stock is a Hold with a Yen5951.00 price target. To see the full list of analyst forecasts on Nichias stock, see the JP:5393 Stock Forecast page.
More about Nichias
NICHIAS Corporation operates in the industrial sector, focusing on the production of insulation materials, gaskets, and sealing products. The company primarily serves markets requiring advanced thermal management and sealing solutions.
Average Trading Volume: 148,895
Technical Sentiment Signal: Buy
Current Market Cap: Yen388B
For detailed information about 5393 stock, go to TipRanks’ Stock Analysis page.