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Nitto Denko ( (JP:6988) ) has shared an update.
Nitto Denko Corporation announced the completion of a share repurchase program, acquiring 4,173,400 shares for approximately JPY 11.99 billion through market transactions on the Tokyo Stock Exchange. This move is part of a larger strategy approved by the Board of Directors to repurchase up to 34 million shares, reflecting the company’s efforts 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, primarily engaged in the production of various industrial products. The company focuses on developing innovative solutions in fields such as electronics, automotive, and environmental sectors.
YTD Price Performance: -2.67%
Average Trading Volume: 844
Technical Sentiment Signal: Hold
Current Market Cap: $11.07B
Find detailed analytics on 6988 stock on TipRanks’ Stock Analysis page.