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Nippon Pillar Packing Co., Ltd. ( (JP:6490) ) has shared an announcement.
PILLAR Corporation announced the acquisition of 64,000 of its own shares, amounting to 239,817,995 yen, as part of a broader buyback plan approved by the Board of Directors. This move is part of a strategic initiative to acquire up to 1,000,000 shares, reflecting 4.3% of the total issued shares, with a maximum budget of 2 billion yen, aimed at optimizing capital structure and potentially enhancing shareholder value.
More about Nippon Pillar Packing Co., Ltd.
PILLAR Corporation operates in the manufacturing industry, focusing on producing sealing products and related technologies for various industrial applications. The company is listed on the Prime Market of the Tokyo Stock Exchange under the securities code 6490.
Average Trading Volume: 82,642
Technical Sentiment Signal: Hold
Current Market Cap: Yen87.25B
For a thorough assessment of 6490 stock, go to TipRanks’ Stock Analysis page.