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Nishi-Nippon Railroad Co., Ltd. ( (JP:9031) ) has provided an announcement.
Nishi-Nippon Railroad Co., Ltd. has announced a resolution by its Board of Directors to repurchase up to 2 million shares of its common stock, representing 2.57% of its outstanding shares, through the Tokyo Stock Exchange’s Off-Auction Own Share Repurchase Trading System (ToSTNeT-3). This strategic move is part of the company’s broader plan to manage its capital structure effectively, potentially enhancing shareholder value and signaling confidence in its financial health.
The most recent analyst rating on (JP:9031) stock is a Hold with a Yen2650.00 price target. To see the full list of analyst forecasts on Nishi-Nippon Railroad Co., Ltd. stock, see the JP:9031 Stock Forecast page.
More about Nishi-Nippon Railroad Co., Ltd.
Nishi-Nippon Railroad Co., Ltd. operates in the transportation industry, primarily focusing on railway services. The company is listed on the Tokyo Stock Exchange and Fukuoka Stock Exchange, indicating a significant presence in the Japanese market.
Average Trading Volume: 258,660
Technical Sentiment Signal: Sell
Current Market Cap: Yen159.6B
See more data about 9031 stock on TipRanks’ Stock Analysis page.
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