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Nippon Yakin Kogyo Co., Ltd. ( (JP:5480) ) has issued an announcement.
Nippon Yakin Kogyo Co., Ltd. announced the progress of its share buyback program, acquiring 122,300 common shares at a total cost of ¥476,529,000 through market purchases on the Tokyo Stock Exchange. This acquisition is part of a broader plan approved by the Board of Directors to buy back up to 306,000 shares, representing 2.17% of the company’s issued shares, with a maximum budget of ¥950,000,000. The buyback is expected to enhance shareholder value and optimize the company’s capital structure.
More about Nippon Yakin Kogyo Co., Ltd.
Nippon Yakin Kogyo Co., Ltd. operates in the manufacturing industry, focusing on producing and selling specialty steel products. The company is listed on the Tokyo Stock Exchange and is known for its high-quality steel offerings.
Average Trading Volume: 91,734
Technical Sentiment Signal: Hold
Current Market Cap: Yen58.69B
For an in-depth examination of 5480 stock, go to TipRanks’ Stock Analysis page.