Nippon Yusen Kabushiki Kaisha ( (JP:9101) ) has shared an announcement.
Nippon Yusen Kabushiki Kaisha announced the acquisition of its own common stock as part of a strategic initiative approved by the Board of Directors. Between January 1 and January 31, 2025, the company acquired 4,679,000 shares valued at JPY 22,525,441,800 through open market purchases on the Tokyo Stock Exchange. This move is part of a larger plan to acquire up to 35 million shares, with a maximum value of JPY 130 billion, indicating a significant strategic investment in consolidating ownership and potentially enhancing shareholder value.
More about Nippon Yusen Kabushiki Kaisha
Nippon Yusen Kabushiki Kaisha, also known as NYK Line, is a prominent player in the shipping and logistics industry. The company provides a wide range of services, including liner shipping, air cargo transportation, and logistics solutions, with a focus on global trade and transportation networks.
YTD Price Performance: -4.99%
Average Trading Volume: 1,021
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $14.27B
For detailed information about 9101 stock, go to TipRanks’ Stock Analysis page.