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Nittetsu Mining Co., Ltd. ( (JP:1515) ) has provided an announcement.
Nittetsu Mining has disclosed the status of its ongoing share buyback program authorized by its board on February 27, 2026, under provisions of the Companies Act and its Articles of Incorporation. The company repurchased 433,900 common shares on the Tokyo Stock Exchange between April 1 and April 30, 2026, at a total cost of approximately 1.14 billion yen via market purchases under a discretionary dealing contract.
The buyback is part of a larger authorization allowing the acquisition of up to 5 million shares, or about 6.3% of issued shares excluding treasury stock, with a ceiling of 10 billion yen through January 29, 2027. As of the end of April, only a small portion of the authorized volume has been executed, signaling the potential for further repurchases that could support shareholder value and impact the company’s capital structure over the remainder of the program.
More about Nittetsu Mining Co., Ltd.
Nittetsu Mining Co., Ltd. is a Japanese company listed on the Tokyo Stock Exchange Prime Market under securities code 1515. It operates in the mining and related materials sector, and its shares are actively traded on the TSE, providing it with access to capital markets and a broad base of public shareholders.
Average Trading Volume: 1,311,156
Technical Sentiment Signal: Buy
Current Market Cap: Yen193.7B
Learn more about 1515 stock on TipRanks’ Stock Analysis page.