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Nippon Denko Co., Ltd. ( (JP:5563) ) has shared an announcement.
Nippon Denko Co., Ltd. announced the acquisition of 10,075,800 of its own common shares, costing approximately 2.99 billion yen, as part of a strategic move approved by its Board of Directors. This acquisition, conducted through open market repurchases and off-auction trading, is part of a broader plan to acquire up to 20 million shares by March 2026, potentially impacting the company’s market positioning and shareholder value.
The most recent analyst rating on (JP:5563) stock is a Buy with a Yen311.00 price target. To see the full list of analyst forecasts on Nippon Denko Co., Ltd. stock, see the JP:5563 Stock Forecast page.
More about Nippon Denko Co., Ltd.
Nippon Denko Co., Ltd. operates in the manufacturing industry, focusing on the production and distribution of various industrial materials. The company is listed on the Tokyo Stock Exchange and is involved in the acquisition and management of treasury shares.
Average Trading Volume: 689,950
Technical Sentiment Signal: Buy
Current Market Cap: Yen45.34B
Find detailed analytics on 5563 stock on TipRanks’ Stock Analysis page.