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An announcement from Nikon ( (JP:7731) ) is now available.
Nikon Corporation has concluded its repurchase of 2,371,000 shares of common stock, valued at approximately 3.78 billion yen, as part of a plan approved by its Board of Directors. Additionally, the company plans to cancel 17,891,000 shares of treasury stock by March 31, 2025, which represents 5.4% of its outstanding shares. This strategic move aims to optimize the company’s capital structure and potentially enhance shareholder value.
More about Nikon
Nikon Corporation is a prominent player in the imaging and optics industry, known for its cameras, camera lenses, and other optical products. The company focuses on providing high-quality imaging solutions and has a significant presence in both consumer and professional markets.
YTD Price Performance: 6.24%
Average Trading Volume: 1,317
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.65B
For an in-depth examination of 7731 stock, go to TipRanks’ Stock Analysis page.
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