Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Noritz ( (JP:5943) ) has issued an announcement.
Noritz Corporation has executed a corporate action tied to its recent partial share exchange with subsidiary Ogihara Mfg. Co., Ltd., resolving to purchase as treasury stock the fractional shares of less than one share that arose for Ogihara shareholders in the transaction. Effective December 19, 2025, Noritz became the parent company in this partial share exchange, and on December 24, 2025, it moved to acquire one share of its own common stock corresponding to the aggregated fractions, with the cash consideration to be calculated based on the closing price on the Tokyo Stock Exchange on the purchase date. While the scale of the buyback is minimal, the step tidies up shareholdings and reflects Noritz’s adherence to Japanese Companies Act procedures in integrating Ogihara’s shareholders, supporting a smoother post-transaction capital structure and corporate governance framework.
The most recent analyst rating on (JP:5943) stock is a Hold with a Yen1978.00 price target. To see the full list of analyst forecasts on Noritz stock, see the JP:5943 Stock Forecast page.
More about Noritz
Noritz Corporation is a Japan-based manufacturer listed on the Tokyo Stock Exchange Prime Market under securities code 5943. The company operates in the heating and water-related equipment industry, best known for gas and water heaters and related systems used in residential and commercial settings in Japan and overseas.
Average Trading Volume: 109,072
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen86.42B
For a thorough assessment of 5943 stock, go to TipRanks’ Stock Analysis page.