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NS Tool Co., Ltd. ( (JP:6157) ) just unveiled an update.
NS Tool Co., Ltd. has announced a significant share buyback program, aiming to acquire up to 2.5 million shares or 10% of its total issued shares, with a maximum expenditure of 2 billion yen. This move is part of a broader strategy to improve capital efficiency and shareholder returns amid stagnant market growth and excess cash reserves, as the company shifts its listing from the Prime Market to the Standard Market to focus on long-term business issues.
More about NS Tool Co., Ltd.
NS Tool Co., Ltd. operates in the Japanese cutting tool industry, focusing on manufacturing and distributing precision tools. The company is listed on the Tokyo Stock Exchange and has historically prioritized shareholder returns through dividends.
Average Trading Volume: 46,891
Technical Sentiment Signal: Sell
Current Market Cap: Yen19.12B
See more data about 6157 stock on TipRanks’ Stock Analysis page.