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NIPPON GAS Co ( (JP:8174) ) has shared an announcement.
Nippon Gas Co., Ltd. has announced a share repurchase program as part of its strategy to optimize its capital-to-asset ratio and increase shareholder value. The company plans to buy back up to 4 million shares, equivalent to 3.7% of its outstanding shares, for a maximum of 9.0 billion yen, aiming to reduce unnecessary shareholder equity while maintaining a strong financial base amidst industry consolidation.
The most recent analyst rating on (JP:8174) stock is a Hold with a Yen2966.00 price target. To see the full list of analyst forecasts on NIPPON GAS Co stock, see the JP:8174 Stock Forecast page.
More about NIPPON GAS Co
Nippon Gas Co., Ltd. (NICIGAS) operates in the LP Gas industry, focusing on optimizing its capital structure and enhancing shareholder value through strategic financial management.
Average Trading Volume: 266,683
Technical Sentiment Signal: Buy
Current Market Cap: Yen298.9B
Find detailed analytics on 8174 stock on TipRanks’ Stock Analysis page.