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Shiga Bank, Ltd. ( (JP:8366) ) has provided an announcement.
The Shiga Bank, Ltd. has resolved to retire 5,000,000 shares of its own common stock, representing 9.41% of its issued shares prior to retirement, with the retirement scheduled for February 27, 2026. Following this transaction, the bank’s total number of issued shares will decline to 48,090,081, a move that effectively reduces share supply and may enhance capital efficiency and shareholder value by increasing the relative ownership stake of remaining shareholders.
The most recent analyst rating on (JP:8366) stock is a Buy with a Yen8982.00 price target. To see the full list of analyst forecasts on Shiga Bank, Ltd. stock, see the JP:8366 Stock Forecast page.
More about Shiga Bank, Ltd.
The Shiga Bank, Ltd. is a regional banking institution listed on the Tokyo Stock Exchange Prime Market, providing commercial banking services such as deposits, lending, and related financial products to customers in its home region and beyond.
Average Trading Volume: 136,535
Technical Sentiment Signal: Buy
Current Market Cap: Yen376.4B
For a thorough assessment of 8366 stock, go to TipRanks’ Stock Analysis page.