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Noritz ( (JP:5943) ) has issued an announcement.
Noritz Corporation has completed the acquisition of 193,300 of its own shares through the Tokyo Stock Exchange’s ToSTNeT-3 system, totaling 357,605,000 yen. This move is part of a broader strategy approved by the board to repurchase up to 1.4 million shares, enhancing shareholder value and optimizing 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 producing water heaters and other heating products. The company is listed on the Tokyo Stock Exchange and aims to enhance its market position through strategic financial maneuvers.
Average Trading Volume: 80,718
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen82B
See more insights into 5943 stock on TipRanks’ Stock Analysis page.