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Noritz ( (JP:5943) ) has shared an update.
Noritz Corporation has completed the acquisition of 230,400 of its own common shares, amounting to a total cost of 445,943,500 yen. This move is part of a broader strategy approved by the Board of Directors to repurchase up to 1,400,000 shares, which represents 3% of the total issued shares, with a budget of up to 2 billion yen. This strategic repurchase is expected to enhance shareholder value and optimize the company’s capital structure.
The most recent analyst rating on (JP:5943) stock is a Sell with a Yen1550.00 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 operates in the manufacturing industry, focusing on the production of water heaters and related products. The company is listed on the Tokyo Stock Exchange’s Prime Market and is known for its commitment to innovation and quality in its product offerings.
Average Trading Volume: 82,585
Technical Sentiment Signal: Buy
Current Market Cap: Yen87.17B
See more insights into 5943 stock on TipRanks’ Stock Analysis page.