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Nitto Denko ( (JP:6988) ) has shared an announcement.
Nitto Denko Corporation has announced the status of its share repurchase program, which was initiated following a Board of Directors’ resolution in January 2025. The company repurchased 6,471,800 shares amounting to JPY 16,104,669,047 through market transactions on the Tokyo Stock Exchange between April 1 and April 30, 2025. This strategic move is part of a broader plan to repurchase up to 34,000,000 shares by August 31, 2025, with a maximum budget of JPY 80,000,000,000, aiming to enhance shareholder value and optimize capital structure.
More about Nitto Denko
Nitto Denko Corporation is a company listed on the Tokyo Stock Exchange’s Prime Market. It operates in the manufacturing industry, focusing on producing a wide range of products including adhesives, films, and other materials used in various sectors such as electronics, healthcare, and automotive.
YTD Price Performance: -0.56%
Average Trading Volume: 3,291,543
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen1860.9B
For a thorough assessment of 6988 stock, go to TipRanks’ Stock Analysis page.