NIKKE Launches ¥3.98 Billion Off-Auction Share Buyback Under Existing Program

Japan Wool Textile Co., Ltd. ( (JP:3201) ) just unveiled an announcement.

NIKKE has approved a share buyback using the Tokyo Stock Exchange’s off-auction ToSTNeT-3 system, placing a consigned purchase order at the March 2 closing price of ¥2,084 per share. The company plans to acquire up to 1,910,000 common shares for a maximum total of about ¥3.98 billion, with the transaction scheduled for 8:45 a.m. on March 3.

This off-auction repurchase is part of a broader buyback program authorized in January 2026, which allows purchases of up to 2,000,000 shares or ¥4 billion between January 19 and May 22 through market transactions, including ToSTNeT-3. The move is likely aimed at enhancing shareholder value and optimizing capital structure, as no treasury shares had been repurchased under the program prior to this announcement.

The most recent analyst rating on (JP:3201) stock is a Buy with a Yen2268.00 price target. To see the full list of analyst forecasts on Japan Wool Textile Co., Ltd. stock, see the JP:3201 Stock Forecast page.

More about Japan Wool Textile Co., Ltd.

NIKKE (The Japan Wool Textile Co., Ltd.) is a Japanese textiles manufacturer listed on the Tokyo Stock Exchange Prime Market under securities code 3201. The company’s core business centers on wool and textile-related products, serving apparel and industrial customers in Japan and potentially overseas, positioning it within the broader fibers and materials sector.

Average Trading Volume: 107,907

Technical Sentiment Signal: Buy

Current Market Cap: Yen128.8B

See more data about 3201 stock on TipRanks’ Stock Analysis page.