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The latest update is out from Nitto Denko ( (JP:6988) ).
Nitto Denko Corporation has completed a share repurchase program, buying back 4,840,100 shares for approximately JPY 15.9 billion through market transactions on the Tokyo Stock Exchange. This repurchase is part of a broader strategy approved by the Board of Directors to buy back up to 34 million shares, aiming to enhance shareholder value and optimize capital structure.
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’s Prime Market. It operates in the manufacturing industry, focusing on producing a wide range of products, including adhesives, tapes, and films, with a significant emphasis on innovation and technology.
YTD Price Performance: 26.81%
Average Trading Volume: 2,480,290
Technical Sentiment Signal: Buy
Current Market Cap: Yen2373B
Learn more about 6988 stock on TipRanks’ Stock Analysis page.