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Nitto Denko ( (JP:6988) ) has issued an update.
Nitto Denko Corporation announced its decision to cancel a portion of its treasury shares, amounting to 28,101,050 shares, which represents 3.98% of the total shares issued before cancellation. This move aligns with the company’s policy to manage treasury shares effectively, ensuring that any shares exceeding the required amount for specific purposes, such as executive remuneration, are considered for cancellation. The cancellation is scheduled for October 15, 2025, and will result in a total of 678,659,700 shares issued post-cancellation.
The most recent analyst rating on (JP:6988) stock is a Buy with a Yen3414.00 price target. To see the full list of analyst forecasts on Nitto Denko stock, see the JP:6988 Stock Forecast page.
More about Nitto Denko
Nitto Denko Corporation is a company listed on the Tokyo Stock Exchange, primarily operating in the industrial sector. It is known for its production of a wide range of materials and products, including adhesives, tapes, and films, with a focus on innovation and market expansion.
Average Trading Volume: 2,611,154
Technical Sentiment Signal: Buy
Current Market Cap: Yen2414.6B
For a thorough assessment of 6988 stock, go to TipRanks’ Stock Analysis page.