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The latest announcement is out from Nippon Telegraph and Telephone ( (JP:9432) ).
NTT announced a stock repurchase plan authorized by its Board of Directors to buy back up to 1.5 billion shares, representing 1.81% of outstanding shares, with a budget of up to 200 billion yen. This move aims to improve capital efficiency and enhance shareholder returns, potentially strengthening NTT’s market position and benefiting its stakeholders.
More about Nippon Telegraph and Telephone
Nippon Telegraph and Telephone Corporation (NTT) operates in the telecommunications industry, providing a range of services including fixed-line and mobile communications, network systems, and data services. The company is a major player in the Japanese market, listed on the Prime Market of the Tokyo Stock Exchange.
Average Trading Volume: 166,727,051
Technical Sentiment Signal: Buy
Current Market Cap: Yen12879.1B
For detailed information about 9432 stock, go to TipRanks’ Stock Analysis page.