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Nisshin OilliO Group, Ltd. ( (JP:2602) ) just unveiled an update.
The Nisshin OilliO Group, Ltd. has announced a resolution to acquire up to 500,000 of its own common shares through the Tokyo Stock Exchange’s off-auction trading system, ToSTNeT-3, at a maximum value of 2,345,000,000 yen. This move is part of a broader strategy approved by the Board of Directors to repurchase up to 2,500,000 shares, representing 7.67% of the total issued shares, with a total acquisition value of up to 10,000,000,000 yen, to be executed by March 31, 2026. This strategic acquisition is expected to enhance shareholder value and optimize the company’s capital structure.
More about Nisshin OilliO Group, Ltd.
The Nisshin OilliO Group, Ltd. operates in the food industry, primarily focusing on the production and distribution of edible oils and related products. The company is listed on the Prime Market of the Tokyo Stock Exchange and is known for its commitment to quality and innovation in the food sector.
Average Trading Volume: 94,686
Technical Sentiment Signal: Buy
Current Market Cap: Yen153.1B
For a thorough assessment of 2602 stock, go to TipRanks’ Stock Analysis page.