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Nitto Denko ( (JP:6988) ) has issued an update.
Nitto Denko Corporation has announced the status of its share repurchase program, which was authorized by its Board of Directors in January 2025. The company repurchased 4,087,600 shares of common stock for a total of JPY 12,071,935,950 through market transactions on the Tokyo Stock Exchange during July 2025. This repurchase is part of a larger plan to buy back up to 34 million shares, with the aim of enhancing shareholder value and optimizing capital structure.
The most recent analyst rating on (JP:6988) stock is a Hold with a Yen2700.00 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 Japanese company listed on the Tokyo Stock Exchange, primarily involved in the production of industrial products such as adhesives, tapes, and films. The company focuses on innovation and development within the materials industry, catering to a wide range of sectors including electronics, automotive, and healthcare.
Average Trading Volume: 2,632,398
Technical Sentiment Signal: Buy
Current Market Cap: Yen2239.8B
Learn more about 6988 stock on TipRanks’ Stock Analysis page.